ECB and BNR have agreed to extend the framework arrangement to provide euro liquidity to the BNR via a repo line until March 2022
Publicat:The European Central Bank (ECB) and Banca Nationala a Romaniei (National Bank of Romania - BNR) have agreed to extend the framework arrangement to provide euro liquidity to the BNR via a repo line until March 2022. Last year’s arrangement was made to prevent the possible emergence of euro liquidity needs in the presence of market dysfunctions due to the ongoing COVID-19 pandemic.
Under a repo line, the ECB provides euro liquidity to a foreign central bank in exchange for adequate collateral.
Under the repo line, the BNR will be able to borrow up to EUR 4.5 billion from the ECB.
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