ECB announces measures to support bank liquidity conditions and money market activity
12.3.2020 16:30:00 EET | Suomen Pankki | News
- Series of additional longer-term refinancing operations to safeguard liquidity and money market conditions
- Operations allotted on a weekly basis and all mature on 24 June 2020 when the fourth operation of TLTRO III settles
The Governing Council of the European Central Bank (ECB) has today decided on additional longer-term refinancing operations (LTROs) to provide immediate liquidity support to banks and to safeguard money market conditions. While there are no material signs of strains in money markets or of liquidity shortages in the banking system, these operations will provide an effective backstop if necessary.
The operations will be conducted as fixed rate tender procedures with full allotment. The rate in these operations will be fixed at the average of the deposit facility rate over the life of the respective operation. Interest will be paid when the respective operation matures. All operations mature on 24 June 2020.
The operations will be conducted according to the indicative calendar below. The first operation will be announced on 16 March 2020, allotted on 17 March 2020 and settled on 18 March 2020.
Indicative calendar for the new longer-term refinancing operations conducted as of March 2020
|
Announcement |
Allotment |
Settlement |
Maturity |
|
Monday, 16 March 2020 |
Tuesday, 17 March 2020 |
Wednesday, 18 March 2020 |
Wednesday, 24 June 2020 |
|
Monday, 23 March 2020 |
Tuesday, 24 March 2020 |
Wednesday, 25 March 2020 |
Wednesday, 24 June 2020 |
|
Monday, 30 March 2020 |
Tuesday, 31 March 2020 |
Wednesday, 1 April 2020 |
Wednesday, 24 June 2020 |
|
Monday, 6 April 2020 |
Tuesday, 7 April 2020 |
Wednesday, 8 April 2020 |
Wednesday, 24 June 2020 |
|
Thursday, 9 April 2020 |
Tuesday, 14 April 2020 |
Wednesday, 15 April 2020 |
Wednesday, 24 June 2020 |
|
Monday, 20 April 2020 |
Tuesday, 21 April 2020 |
Wednesday, 22 April 2020 |
Wednesday, 24 June 2020 |
|
Monday, 27 April 2020 |
Tuesday, 28 April 2020 |
Wednesday, 29 April 2020 |
Wednesday, 24 June 2020 |
|
Monday, 4 May 2020 |
Tuesday, 5 May 2020 |
Wednesday, 6 May 2020 |
Wednesday, 24 June 2020 |
|
Monday, 11 May 2020 |
Tuesday, 12 May 2020 |
Wednesday, 13 May 2020 |
Wednesday, 24 June 2020 |
|
Monday, 18 May 2020 |
Tuesday, 19 May 2020 |
Wednesday, 20 May 2020 |
Wednesday, 24 June 2020 |
|
Monday, 25 May 2020 |
Tuesday, 26 May 2020 |
Wednesday, 27 May 2020 |
Wednesday, 24 June 2020 |
|
Monday, 1 June 2020 |
Tuesday, 2 June 2020 |
Wednesday, 3 June 2020 |
Wednesday, 24 June 2020 |
|
Monday, 8 June 2020 |
Tuesday, 9 June 2020 |
Wednesday, 10 June 2020 |
Wednesday, 24 June 2020 |
As the operations mature on 24 June 2020, i.e. on the settlement day of the fourth operation of TLTRO III, TLTRO III-eligible counterparties could shift all of their outstanding new LTRO amounts into the fourth operation of TLTRO III allotted on 18 June 2020 and settling on 24 June 2020.
The ECB stands ready to provide additional liquidity, if needed.
https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200312_2~06c32dabd1.en.html
Keywords
Images
Links
About Suomen Pankki
Suomen Pankki on Suomen rahaviranomainen ja kansallinen keskuspankki. Samalla se on osa eurojärjestelmää, joka vastaa euroalueen maiden rahapolitiikasta ja muista keskuspankkitehtävistä ja hallinnoi maailman toiseksi suurimman valuutan, euron, käyttöä.
Subscribe to releases from Suomen Pankki
Subscribe to all the latest releases from Suomen Pankki by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Suomen Pankki
I juni 2026 lyftes mindre stuglån än året innan28.7.2026 10:00:00 EEST | Pressmeddelande
Under början av 2026 har volymen av lyfta fritidsbostadslån varit något lägre än under motsvarande period föregående år. Den genomsnittliga räntan på nya stuglån var i juni 2026 högre än för ett år sedan. En större andel av de nya stuglånen än tidigare var bundna till tre eller sex månaders Euribor.
Kesäkuussa 2026 mökkilainoja nostettiin vuodentakaista vähemmän28.7.2026 10:00:00 EEST | Tiedote
Alkuvuoden aikana vapaa-ajanasuntolainoja on nostettu hieman vähemmän kuin viime vuonna vastaavana aikana. Uusien mökkilainojen keskikorko oli kesäkuussa korkeampi kuin vuosi sitten. Aiempaa suurempi osa uusista mökkilainoista sidottiin 3 tai 6 kuukauden euriborkorkoon.
Drawdowns of holiday cottage loans declined in June 2026 from last year28.7.2026 10:00:00 EEST | Press release
The volume of loans for holiday homes drawn down in the first half of the year was slightly lower than in the corresponding period last year. The average interest rate on new holiday cottage loans was higher in June than a year earlier. A larger share of new holiday cottage loans than previously was linked to the 3- or 6-month Euribor.
Better now to keep interest rates unchanged24.7.2026 13:10:00 EEST | Blog
You don’t have to be much of a fortune-teller to note that there is continuing uncertainty both in the Finnish summer and in the global economy. On a chilly summer’s day like the one we’ve experienced this week, a Finn can simply stoke a fire in the sauna stove – problem solved. Unfortunately, there is no silver bullet to economic uncertainty. Rather than fanning the flames, we need to keep a cool head.
Utkasten till framtida eurosedlar har offentliggjorts – Ville Tietäväinens förslag har gått vidare23.7.2026 17:56:14 EEST | Nyheter
Ett förslag från Finland har gått vidare i formgivningstävlingen för de framtida eurosedlarna. Ville Tietäväinens sedelserie baserar sig på temat ”Floder och fåglar”. De förslag som gick vidare valdes ut genom en formgivningstävling i hela Europeiska unionen.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom