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25 June 2020

ECB: New Eurosystem repo facility to provide euro liquidity to non-euro area central banks

In response to the coronavirus (COVID-19) crisis, the Governing Council of the European Central Bank (ECB) decided to set up a new backstop facility, called the Eurosystem repo facility for central banks (EUREP), to provide precautionary euro repo lines to central banks outside the euro area....

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