ECB’s cheap loans will return this year, Credit Agricole says

ECB HQ

PARIS: The European Central Bank (ECB) (pic) will backtrack on plans to wean banks off cheap loans, according to Credit Agricole SA.

The ECB may announce targeted long-term refinancing operations, known as TLTROs, as soon as July, said Louis Harreau, rates strategist at the Paris-based lender. That would reinstate the policy tool less than a year after it was concluded.