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Coronavirus (COVID-19)—New Eurosystem repo facility introduced

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Published on: 25 June 2020
Published by LNB News

LNB News 25/06/2020

Document Information

Issue Date: 25 June 2020

Published Date: 25 June 2020

Jurisdiction(s): United Kingdom

Article summary

In response to the coronavirus (COVID-19) pandemic, the Governing Council of the European Central Bank (ECB) has decided to set up a new Eurosystem repo facility for central banks (EUREP). This is intended to provide euro liquidity to non-euro area central banks (against adequate collateral) and address euro liquidity needs outside the euro area. EUREP will be available until the end of June 2021.

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Jurisdiction(s):
United Kingdom

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