ECB extends leverage ratio relief for banks until March 2022

Eren Sengezer FXStreet

The European Central Bank (ECB) announced on Friday that it has extended the leverage ratio relief for banks until March of 2022, as reported by Reuters.

"The ECB's Governing Council confirms that exceptional circumstances continue to justify the leverage ratio relief," the statement further read.

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.06% on a daily basis at 1.1913. Meanwhile, the Euro Stoxx 50 Index was down 0.5% at 4,138.

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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