Indeed, alongside the direct impact of TLTROs on bank lending  BIS central bankers’ speeches  1  conditions, staff analysis finds that the APP has had an indirect effect on bank lending conditions through its marked effect on long-term government bond yields.
Rundheersing Bheenick: Brief look at the commercial banking sector in Mauritius Address by Mr Rundheersing Bheenick, Governor of the Bank of Mauritius, at the official 100th Foundation Day Celebrations of the Bank of Baroda, Port Louis, 20 July 2007.