Banks don’t want Draghi’s free money as ECB loans fall flat. An offer for 3y loans, at rate that starts at zero & could fall as low as deposit rate, currently -0.5%, was taken up by 28 banks for a total of just €3.4bn, well below predictions of €20-100bn https://t.co/hzl1RQn16B pic.twitter.com/phfhgGLYK2

— Holger Zschaepitz (@Schuldensuehner) September 19, 2019