Economics
ECB Is Said to Need More Convincing on Long-Term Loans for Banks
- Officials haven’t yet discussed need for new bank funding
- Decision on longer-term funding offer in March is uncertain
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European Central Bank officials see no urgent need to offer new long-term loans to banks and aren’t certain to do so at their next policy meeting in March, according to people familiar with the matter.
Officials aren’t yet convinced about the necessity for more liquidity and are nervous that an offering could fuel perceptions that they’re helping out particular lenders, said the people, asking not to be identified because the issue is confidential. An ECB spokesman declined to comment.