ECB eases securities lending limits to address collateral shortage

ECB + bridge

The European Central Bank has eased the limits on its securities lending operations, to address collateral scarcity in the repo markets.

The decision was made during a non-monetary policy meeting on November 9. Officials increased the volume of securities the ECB can lend against cash from €150 billion ($152.3 billion) to €250 billion. In an unusual move, the ECB did not put out an official announcement following the decision.

The decision came into force today (November 10), and applies to

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