Per the Financial Times : "742 banks ... [applied to the European Central Bank] ... to borrow €1.31tn under its main refinancing scheme, which will lend them money over three years at rates as low as minus 1 per cent." The central bank's goal is to counter pressure on banks to cut their credit extension to the economy. https://lnkd.in/gasBFSr #economy #interestrates #monetarypolicy #liquidity #financeandeconomy #centralbanks #ecb #debt #credit #ft …see more