ECB expands euro repo network
Albania and Serbia join Covid-19 liquidity backstop
The European Central Bank has added more countries to its network of euro-denominated repos, designed to supply euro liquidity in case of further market stresses due to Covid-19.
Serbia receives a repo line worth up to €1 billion ($1.1 billion), while Albania gains a repo line worth up to €400 million. The facilities allow the countries’ national central banks to obtain euro liquidity in exchange for euro-denominated collateral, which can then be lent to domestic banks. The facilities will
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