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Headlines

ECB, PBOC extend 45 billion euro liquidity line

Published by Global Banking and Finance Review

Posted on September 8, 2025

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FRANKFURT (Reuters) -The European Central Bank and the People's Bank of China have extended for a further three years a currency swap deal aimed at addressing any sudden liquidity shortage that would hamper commercial lenders, the ECB said on Monday.

The arrangement, originally announced in 2013, will run through October 2028, with its maximum size unchanged at 350 billion renminbi and 45 billion euros.

"The arrangement serves as a backstop facility to address potential sudden and temporary CNY liquidity shortages for euro area banks as a result of disruptions in the renminbi market," the ECB said in a statement.

(Reporting by Balazs Koranyi; Editing by Kirsten Donovan)