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ECB Enhances Repo Facility to Broaden Global Euro Liquidity

The ECB updates the Eurosystem repo facility for central banks (EUREP) to provide standing access against euro collateral, extending reach and flexibility. This lets foreign central banks more easily obtain euro funding during stress, part of Europe’s push to boost the euro’s global role and counter U.S. and Chinese influence. The Governing Council of the […] Also read: XRP on Fire: Analysts Call for Another Big Move After 16% Surge