---
title: ECB to start implementing enhanced repo facility for central banks
description: The Governing Council of the European Central Bank (ECB) today decided on the operational features and onboarding for the enhanced EUREP announced on 14…
source: Helious
canonical: "https://helious.io/news/0ce9d903ba1cebcfe8a2ce35984d1ed1/ecb-to-start-implementing-enhanced-repo-facility-for"
---

ECB
              24 Jul 2026, 08:30 UTC



# ECB to start implementing enhanced repo facility for central banks



            The Governing Council of the European Central Bank (ECB) today decided on the operational features and onboarding for the enhanced EUREP announced on 14 February. The new facility supports the smooth transmission of monetary policy and also reinforces the international role of the euro. It will be operated by five national central banks (the Deutsche Bundesbank, the Banco de España, the Banque de France, the Banca d’Italia, De Nederlandsche Bank) under the coordination of the ECB. Onboarded central banks will receive euro liquidity in the form of loans against high-quality euro-denominated collateral, priced at the main refinancing operations (MRO) rate plus a spread set by the Governing Council to preserve the backstop character of the facility. The maturity of a single transaction will range from one day to one week and may be extended.





## HELIOUS READ

        ECB repo facility operational change; no US Treasury or equity impact.




        [
          Read the full document at the source →](https://www.ecb.europa.eu//press/pr/date/2026/html/ecb.pr260724_2~d7d475d2f0.en.html)




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