LONGER-TERM REFINANCING OPERATION


Meaning of LONGER-TERM REFINANCING OPERATION in English

A regular open market operation executed by the Eurosystem in the form of a reverse transaction. Longer-term refinancing operations are carried out through monthly standard tenders and normally have a maturity of three months.

See also:

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.