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ECB and BNR have agreed to extend the framework arrangement to provide euro liquidity to the BNR until end-June 2021

The European Central Bank (ECB) and Banca Nationala a Romaniei (National Bank of Romania - BNR) have agreed to extend the framework arrangement to provide euro liquidity to the BNR via a repo line, in order to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock. Under a repo line, the ECB provides euro liquidity to a foreign central bank in exchange for adequate ...

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