Targeted liquidity facilities decline year on year
Lending to small businesses and other goals are top criteria for access
The share of central banks offering targeted liquidity facilities reduced year on year, data from the Monetary Policy Benchmarks 2025 shows.
Only 10 (20.4%) of 49 central banks that provided data reported active use of the monetary policy tool. The figure is down by half from the 39.5% of central banks that indicated use of the technique in the past year.
Eighteen (37.5%) of 48 benchmark respondents give liquidity access to non-bank financial institutions. The remainder of 30 (62.5%) central
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