ECB to make new euro liquidity line available to non-euro area central banks from Q4 2026

The European Central Bank (ECB) plans to offer a new euro liquidity facility to non-euro area central banks starting in the fourth quarter of 2026. This facility will provide up to 50 billion euros in loans against high-quality euro-denominated collateral, priced at the main refinancing operations rate plus a spread. The ECB has begun onboarding interested institutions, allowing them flexible use of the EUREP funds without prior restrictions.