ECB recalibrates targeted lending operations to help restore price stability over the medium term
ECB recalibrates third series of targeted longer-term refinancing operations (TLTRO III) to ensure consistency with broader monetary policy normalisation process Recalibration will help address unexpected and extraordinary inflation increases by reinforcing transmission of policy rates to bank lending conditions From 23 November 2022, interest rate on all remaining TLTRO III operations to be indexed to [...]