Bank of Israel to offer repos to non-bank credit providers
Measure is a bid to foster competition, and lower households and firms' financing costs
The Bank of Israel will start carrying out repo transactions with supervised non-bank credit providers, the institution said on December 13.
“This step provides additional, non-bank players in the credit market with access to repo transactions with the Bank of Israel, thereby encouraging competition and enhancing their ability to provide attractive credit to customers by lowering the cost of their sources of financing,” said governor Amir Yaron in a statement.
The central bank stresses the
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