Natixis’s Dirk Schumacher comments on attractiveness of TLTROs in Il Sole 24 Ore

Targeted longer-term refinancing operations (TLTROs) remain a more attractive option than refinancing on wholesale markets for Italian banks, even in the case of tighter restrictions being implemented by the European Central Bank, according to simulations carried out by Natixis.

Dirk Schumacher, who leads the European team of macro research at Natixis, commented on the topic in an article by Italian publication Il Sole 24 Ore.

“The concurrent facts, that the amount that will come to maturity and will need to be refinanced is huge and that the cost of funding on the wholesale markets is significantly higher, will end up making the new TLTRO attractive for Italian banks”, confirms Schumacher.

The full article can be found here.