Bloomberg News

ECB Won’t Commit to Further LTRO, Asmussen Tells Handelsblatt

February 26, 2012

European Central Bank Executive Board member Joerg Asmussen said the ECB can’t commit to offering more three-year cash to euro-area banks after its second batch of loans planned this week, Handelsblatt reported, citing an interview.

The ECB hasn’t decided how much cash to offer in the latest long-term refinancing operation, Asmussen was quoted as saying. The second such operation shouldn’t stoke expectations of a third or fourth one, he said in comments to be published in the Dusseldorf, Germany-based newspaper tomorrow and e-mailed to other media in advance.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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