The ECB and the NBR renew their arrangement to provide euro liquidity to the NBR via a repo line until 31 January 2025
08.08.2024
The European Central Bank (ECB) and the National Bank of Romania (NBR) have agreed to renew a framework arrangement to provide euro liquidity to the NBR via a repo line. Such repo lines help prevent tensions in international funding markets and undesired effects on financial market stability. According to this arrangement, the NBR will be able to borrow up to EUR 4.5 billion from the ECB. The repo line will run until 31 January 2025, unless it is extended.
Under a repo line, the ECB provides euro liquidity to a foreign central bank in exchange for adequate collateral with a view to accommodating a potential emergence of high demand for euro.