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ECB news confirmed global expansion of euro repo lines.
Facility offered up to €50 billion per applicant.
The program became permanent starting in the third quarter of 2026.
The European Central Bank expanded its euro liquidity backstop to central banks worldwide on February 14, 2026, in Munich. President Christine Lagarde announced the permanent facility at the Munich Security Conference to strengthen the euro’s global role. The move aimed to prevent stress-driven fire sales of euro assets and protect monetary transmission.
The European Central Bank said the revised framework replaced a limited regional program with global eligibility, excluding only institutions linked to money laundering, terrorist financing, or sanctions breaches. Under the new rules, approved central banks could borrow up to €50 billion against high-quality euro-denominated government bonds. The standing facility will become operational in July 2026, with full access by the third
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