The European Central Bank adopts package of temporary collateral easing measures

European Central Bank - Image by moritz320 from Pixabay

The European Central Bank (ECB) has adopted a package of temporary collateral easing measures to facilitate the availability of eligible collateral for Eurosystem counterparties to participate in liquidity providing operations. 

The package is complementary to the ECB’s other recent measures, including additional longer-term refinancing operations and the Pandemic Emergency Purchase Programme, introduced to address the coronavirus pandemic. 

The measures collectively support the provision of bank lending especially by easing the conditions at which credit claims are accepted as collateral.

Photo Credit:  Pixabay

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