Under a repo line, the ECB provides euro liquidity to a foreign central bank in exchange for adequate collateral.

Under the repo line, the NBR will be able to borrow up to EUR4.5 billion from the ECB.

It was initially agreed that the repo line would remain in place until 31 December 2020. The financial arrangement was extended until end-June 2021. 

Subiecte #ECB#euro liquidity#framework arrangement#NBR#repo line