What is it? Loans will be made at the Eurozone refinancing interest rate, maturing in Sep 2018. The value of the loans will be determined by demand from commercial banks. Source began this temporary program in Sep 2014 and changed the interest rate charged as of Feb 2015. It provides liquidity to banks which usually leads to lower long-term interest rates and stimulates growth
When? at 5:30am Eastern Time
Trading Tips? This announcement can greatly affect the EUR so make sure to follow it!
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