Basic termsThere are 1 entries in this glossary.
Though the ECB's main refinancing operations (MRO) are from repo auctions with a (bi)weekly maturity and monthly maturation, the ECB now conducts long-term refinancing operations (LTROs), maturing after three months, six months, 12 months and 36 months.In 2003, refinancing via LTROs amounted to 45 bln euros—about 20% of overall liquidity provided by the ECB.
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