FRANKFURT, Feb 10 (Reuters) – Euro zone banks will repay another 36.6 billion euros in European Central Bank loans early, the ECB said on Friday, a small move that may still help the central bank’s fight against inflation by mopping up cash from the financial system.
The latest repayment of the ECB’s Targeted Longer-Term Refinancing Operations will take the amount of outstanding TLTRO loans to roughly 1.22 trillion euros – still more than half of its level in the autumn.
The ECB has given banks