Target is short for Trans-European Automated Real-time Gross Settlement ExpressTransfer System. It's a payment system used by Europe's central banks for urgent real-time electronic transfers.
In terms of the value of payments processed, it is one of the biggest such systems in the world. Its behind-the-scenes work ensures that people and businesses across the eurozone can settle (make and receive payments on the date expected and to the account expected) reliably.
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Will “Liberation Day” strike again?Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
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Israel claims victory in the '12-day war' with IranDonald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran
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Long-term refinancing operations (LTRO)
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Stability and growth pactGlossary The stability and growth pact, or SGP, played a key role in the establishment of the euro.
