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Columns Fed Officially Announces March Expiration of BTFP: Does Drying Up Liquidity Signal an Imminent QE?
The Federal Reserve officially announced on Wednesday that the funding support created for banks last year, the Bank Term Funding Program (BTFP), in response to the potential financial crisis caused by the collapse of Silicon Valley Bank, will be terminated as planned in March. Banks can continue to get new loans until March 11 under this program, but the interest rate won't be lower than the reserv...
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