Lending operations

Central banks - monetary policy - unconventional monetary policy.

(LOs).

In response to the Global Financial Crisis central banks expanded their liquidity facilities to commercial banks.

This expansion included:

• Extending the maturity of lending operations
• Expanding the set of eligible collateral and the set of counterparties
• Imposing conditions on loans, such as bank lending to non-financial private firms.

Source: 'Unconventional monetary policy tools: a cross country analysis'. Committee on the Global Financial System. October 2019

See also

• Central bank
• Committee on the Global Financial System
• Forward guidance
• Global Financial Crisis
• Negative interest rate policies
• Quantitative easing
• Reserve requirements
• Sterling Monetary Framework
• Supply side policy
• Unconventional monetary policy
• Zero lower bound
• ZLB problem