Draghi says overall max takeup of TLTRO could be 1 trillion euros

Draghi is explaining the some of details of the TLTRO’s which he pronounces “tell-tros”. The nuts and bolts will be published at 330 pm CEST

• TLTRO’s will help boost inflation
• There will be 6 TLTRO’s running through June 2016
• The details are complicated but the banks will also understand it’s attractive