The European Central Bank said on Thursday that it had leant 82.6 billion euros to 255 banks under its new lending programme aimed at boosting the economy via private-sector loans.
"The programme is designed to enhance the functioning of the monetary policy transmission mechanism by supporting bank lending to the real economy," the Frankfurt-based central bank said in a statement.
The amount comes in below forecasts by analysts who had pencilled in an uptake of at least 100 billion euros for the Targeted Long-Term Refinancing Operation (TLTRO).
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