ECB to offer repo line access to almost all central banks

The European Central Bank

The European Central Bank is improving its repurchase lines with other monetary institutions.

In an announcement on February 14, the ECB said it was effectively updating the Eurosystem repo facility for central banks (Eurep) to provide standing access to all monetary authorities, as long as they were not suspected of breaching international sanctions, or engaging in money laundering or the financing of terrorism.

From the third quarter of this year, central banks outside the eurozone will be able

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