ECB's Praet says too early to decide on new round of loans: Handelsblatt

FRANKFURT, Nov 22 (Reuters) - It is too early for the European Central Bank to decide on a new round of multi-year loans to banks, which are covered by existing funding until the middle of next year, the ECB’s chief economist said in an interview published on Thursday.

“It is premature to decide on a new TLTRO now,” Peter Praet told German daily Handelsblatt, referring to the ECB’s Targeted Longer-Term Refinancing Operations (TLTRO). (Reporting By Francesco Canepa)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps