ECB will receive 333 billion euros as part of cheap credits’ repayment this month

A survey of economists showed that this month the banks will provide the ECB with the same opportunities to pay out the long-term credits as it was in November. 

12 respondents forecasting the return of liquidity showed a value amounted to 333 billion euros. It amounts to $350 billion. The range of forecasts, as before, is more than 200 billion euros in both directions.

These TLTRO payments are the same as 296 billion euros returned in November. Earlier, the ECB was trying to make the credit program less affordable and tightened its conditions to do this. In such a way, banks highly increase interest rates to bring down the record level of inflation. 

According to an assessment of Bloomberg’s survey, in March the ECB received nearly 775 billion euros. The speculative nature of these forecasts has been proven. For example, the sum returned last month amounted to less than half of the median forecast.