European money market is flooded with liquidity

On the 09.15.20 at 7:57AM


Fabrice Anselmi

The new €STR rate hit a low of -0.557% on 31 August, followed by the three-month Euribor, at -0.488% on 11 September.

If the European Central Bank’s goal was to nudge its short-term rates a little lower via the targeted long-term refinancing operation (TLTRO 3) it launched on 18 June, it has succeeded in doing so.

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