Monitor the EZ Long Term Refinancing Operation, a key driver in adjusting long-term interest rates and stimulating economic growth.
This program enhances liquidity for banks, which typically results in reduced long-term interest rates and fosters economic growth. The amount of loans is influenced by the demand from banks. The program was initiated in December 2011.
What it Measures
The total value of new long-term loans that the ECB will provide to banks.
Usual Effect
There is no consistent impact; it can lead to both inflationary pressures and implications for growth.
Source & Frequency
European Central Bank (latest release) - https://www.ecb.europa.eu/home/html/index.en.html
How Data is Derived
N/A
Also Known As
N/A
Acronym
European Central Bank (ECB), European Union (EU)