ECB to Roll Out Enhanced Repo Facility for Central Banks in Q4

05:37 AM EDT, 07/24/2026 (MT Newswires) -- The European Central Bank is set to begin implementing the enhanced Eurosystem repo facility for central banks, or Eurep, from the fourth quarter, according to a Friday release. The onboarding process for eligible non-euro area central banks and monetary authorities began in the third quarter. The enhanced facility allows qualified central banks to borrow up to 50 billion euros each against certain high-quality euro-denominated collateral. Under the ECB's coordination, the enhanced Eurep will be implemented by the central banks of Germany, Spain, France, Italy and the Netherlands.