ECB extends bilateral euro liquidity lines with non-euro area central banks

4 February 2021

Metadata
Provider: 
ECEC
URL: 
https://www.ecb.europa.eu//press/pr/date/2021/html/ecb.pr210204~f8f544a715.en.htmlhttps://www.ecb.europa.eu//press/pr/date/2021/html/ecb.pr210204~f8f544a715.en.html
Retrieved on: 
Thursday, February 4, 2021
Information
Tags: 
Financial services, Banking, Economy, Eurozone, European Central Bank, European System of Central Banks, Euro, Central bank, Asset and liability management, Central bank liquidity swap
Summary
Key Points: 
  • 4 February 2021

    The European Central Bank (ECB) decided in December 2020 to offer a nine-month extension of its temporary swap and repo lines with non-euro area central banks.

  • The central banks of Albania, Croatia, Hungary, the Republic of North Macedonia, Romania, San Marino and Serbia have agreed to extend the duration of their euro liquidity lines with the ECB to March 2022.
  • The lines were established earlier in 2020 to provide euro liquidity to financial institutions in the respective countries via the corresponding national central banks.
  • The objective of these euro liquidity lines is to address possible euro liquidity needs in non-euro area countries in the presence of market dysfunctions due to the COVID-19 pandemic.
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