ECB Monthly Report to be scrutinized for details on TLTRO - BNZ

FXStreet (Łódź) - Spiros Papadopoulos from BNZ believes that the focus of attention in the ECB monthly Report, to be published on July 10, will be the comments of the TLTRO.

Key quotes

"Whilst the ECB announced further details on the TLTRO following Draghi's press conference on Thursday, we noted that he seemed to have increased the size of the scheme from €400 billion to €1 trillion without explaining why."

"We suspect that the ECB is now expecting a more rapid repayment of existing LTROs, which might be signalled in the bulletin."