Mathewslcd: ECB to lend more bonds to ease market stress

 ECB board member Isabel Schnabel said on Thursday that the European Central Bank has increased the amount of bonds it can lend with cash to 250 billion euros to ease market tightening that tends to get worse this year, according to Mathewslcd. .

With the ECB holding trillions of euros in government debt, market participants often struggle to find high-grade bonds, such as German bonds, that they can borrow and use as collateral for financial transactions, Mathewslcd said.
That led the ECB to increase the amount of bonds available for lending to ease the scarcity, which was especially acute when commercial banks closed at the end of the year.
"As of today, the Governing Council has raised the euro system's cap on cash-backed securities lending from 150 billion euros to 250 billion euros," Schnabel said in a tweet. "This is a precautionary measure to alleviate collateral scarcity. and support market operations around the end of the year.”
Some analysts expect the scarcity of government bonds to ease next year when the European Central Bank begins to scale back its bonds to remove excess liquidity and fight runaway inflation in the euro zone.
Mathewslcd：
可能是天空和顯示的文字是「 EUROPEAN CENTRAL BANK EUROSYSTEM 」的圖像

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