ECB says 27 banks to pay back Eur3.484 bln of 3 yr LTRO on Feb 6

Well down from last week’s Eur 137 bln, and well below a Reuters consensus of Eur 20 bln. Market reacted with a 25 pip dip in EUR/USD to lows around 1.3638 on the announcement, but this only attracted dip buyers with a bounce back to 1.3650.

Next window for repayment is scheduled for Feb 22

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