Eurosystem reveals rules on national asset holdings
ECB publishes agreement governing size of ‘non-monetary policy holdings’ at national central banks
Rules limiting the amount of "non-monetary policy holdings" at each national central bank (NCB) in the eurozone were made public on February 5.
The agreement, renewed every five years, was previously confidential. It was published after the NCBs and European Central Bank (ECB) decided it would "better serve their commitment to greater transparency".
Designed to limit the amount of liquidity in the banking sector, the agreement notes monetary policy is "more efficiently achieved" if the sector
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