The European Central Bank (ECB) will probably receive several hundreds of billions of euros in early repayments of long-term loans this year after officials toughened the terms of the programme to aid their fight against inflation. Estimates vary widely on how much of the €2.1tn ($2.2tn) in outstanding cash will be returned this month, the first available opportunity for repayments. Banks have until Wednesday to notify the ECB if they want to do so. Forecasts in a Bloomberg survey of economists for the November total range from €200bn to €1.5tn. The median estimate is for €600bn, followed by €285bn at the next scheduled date in December. A higher number might cheer the ECB, which last mon
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