Tuesday, March 5, 2013

The Number Of Returns LTRO Disappointing Euro

Angka Pengembalian LTRO Mengecewakan Euro

Monexnews-Euro plummeted to the lowest position 6-weeks versus the U.s. Dollar after the European Central Bank announced a number of banking credit payments far below market expectations, which sparked doubts over the health of the eurozone financial system. Projections from the European Commission which showed the Euro zone economy still potentially to return having contractions in 2013 were also weighing down the Euro, which has recorded a decrease of 3 consecutive sessions.

ECB on Friday said that European banks will return about € 61,1 billion loan funds they earn last year through Long Term Refinancing Operation (LTRO), far below the estimated € 130 billion. That Data suggests that some banks still feel need of emergency loan funds, which on the other side of the balance sheet to indicate if the ECB will shrink at a pace that is slower.

"The low low payment amount will keep liquidity conditions are accommodating for a while in the Euro zone," said Nick Bennenbroek, head of currency strategy at Wells Fargo Bank in New York. (vid)

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Title Post: The Number Of Returns LTRO Disappointing Euro
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Author: Mohammad Zulfi Satriawan

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