GO
Loading...

The LTRO Is Just to Buy Time: Strategist

Thursday, 12 Jan 2012 | 4:00 AM ET

Charles Diebel, head of market strategy, Lloyds Bank Corporation, told CNBC, "the LTRO and mechanisms like it are simply there to buy time, they don't provide a solution, what they do is they support the bond market and keep yields at a relatively benign level."