GRI Standards and Longer-term refinancing operations: Difference between pages
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(LTRO). | |||
Longer-term refinancing operations by the European Central Bank (ECB) through member national central banks (NCBs) with eligible monetary institutions are liquidity-providing reverse transactions that are regularly conducted with a monthly frequency and a maturity of three months. These transactions are 'long-term' in relation to those under its main refinancing operations (MROs or MRO) that have a maturity of one week. | |||
Longer-term refinancing operations may also be conducted at irregular intervals or with other maturities, e.g. the length of one maintenance period, six months, twelve months or thirty-six months are also possible. | |||
The ECB also has a programme of targeted longer-term refinancing operations (T-LTROs or TLTROs) intended to stimulate certain types of lending by banks. | |||
These targeted operations have aimed to stimulate, for example: | |||
*Banks' total private-sector loans outstanding | |||
*The flow of such lending. | |||
== See also == | ==See also== | ||
* [[ | * [[Central bank]] | ||
* [[ | * [[European Central Bank]] | ||
* [[ | * [[Inflation target]] | ||
* [[ | * [[Main refinancing operations]] | ||
* [[ | * [[Monetary policy]] | ||
* [[ | * [[Open market operations]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
| Line 38: | Line 26: | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Investment]] | [[Category:Investment]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:Cash_management]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
[[Category:Liquidity_management]] | |||
Revision as of 05:53, 23 January 2022
(LTRO).
Longer-term refinancing operations by the European Central Bank (ECB) through member national central banks (NCBs) with eligible monetary institutions are liquidity-providing reverse transactions that are regularly conducted with a monthly frequency and a maturity of three months. These transactions are 'long-term' in relation to those under its main refinancing operations (MROs or MRO) that have a maturity of one week.
Longer-term refinancing operations may also be conducted at irregular intervals or with other maturities, e.g. the length of one maintenance period, six months, twelve months or thirty-six months are also possible.
The ECB also has a programme of targeted longer-term refinancing operations (T-LTROs or TLTROs) intended to stimulate certain types of lending by banks.
These targeted operations have aimed to stimulate, for example:
- Banks' total private-sector loans outstanding
- The flow of such lending.
