Sunday February 23, 2020

Will ECB funding changes help SMEs?

It remains to be seen whether Mario Draghi's plan to boost lending in the eurozone will have an impact on a beleaguered Irish small firms' sector, writes John Ihle.

18th December, 2011
ECB president Mario Draghi: 'The goal of these measures is to ensure households and firms -- and especially small and medium-sized enterprises -- will receive credit as effectively as possible'. Photo: AP

Cheap and easy ECB funding should enable banks to lend more to businesses, but is the SME sector prepared to borrow? On Wednesday, European banks will have their first opportunity to access credit from the European Central Bank (ECB) on new cheaper terms, for a longer period and without having to pledge their best assets as security. The same ECB monetary policy decision that brought base rates back down to 1 per cent early this...

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