ECB: Extending bilateral euro liquidity lines with non-euro area central banks

Eren Sengezer FXStreet

The European Central Bank announced on Thursday that it has extended temporary euro liquidity lines until March 2022, as reported by Reuters.

The extensions are with the central banks of Croatia, Albania, Hungary, the Republic of North Macedonia, San Marino, Romania and Serbia, the ECB noted in its press release.

Market reaction

The Euro Stoxx 50 edged slightly higher on this headline and was last seen gaining 0.32% on the day at 3,621. Meanwhile, the shared currency struggles to find demand with the EUR/USD pair losing 0.36% at 1.1990.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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