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Keywords for: 22 June 2020 We're Still not Very Excited by the ECB's TLTROs, but €1.3T is a Lot

April, bank lending, bill, bonds, central bank, covid-19, credit, current account, current account surplus, debt, deficit, ECB, economy, euro, eurozone, external surplus, ez, ez banks, financial markets, government, h1, h2, income, investors, June, liquidity, March, markets, May, monetary, monetary policy, net inflows, policy, policymakers, portfolio outflows, private sector, qe, refinancing, savings, secondary income deficit, sovereign bonds, spain, tltro, trade, u.s., yields, ,