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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s