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2026-02-15 08:32:13
[ECB to Globalize Euro Liquidity Support Facility, Aiming to Enhance Euro's International Status] 1. The European Central Bank (ECB) announced on Saturday plans to expand the accessibility of its Euro Liquidity Support Facility globally and make it a regular mechanism. Previously, this repurchase quota was mainly open to a few Eastern European countries. The new tool will be officially launched in the third quarter of 2026. 2. The tool is open to all central banks worldwide, except those excluded due to reputational issues such as money laundering, terrorist financing, or international sanctions. The regular access quota is capped at €50 billion, allowing financial institutions to borrow euros from the ECB using high-quality assets as collateral and repay principal and interest upon maturity. 3. ECB President Christine Lagarde stated at the Munich Security Conference that "the ECB must prepare for a more volatile environment." This move aims to enhance the euro's status as an international reserve currency, strengthen the global financial system's ability to cope with liquidity shocks, and enhance the euro's use cases in international payments and financing.
