The European Central Bank will globalize euro liquidity support tools to enhance the international status of the euro.

The European Central Bank announced a plan on Saturday to expand the access of its euro liquidity support tools globally and make it a regular mechanism, aiming to enhance the international status of the euro as a single currency. Previously, such repurchase agreements were only open to a few countries, mainly in Eastern Europe. ECB President Lagarde has long viewed this tool as an important means to expand the global influence of the euro. Lagarde stated at the Munich Security Conference, "The European Central Bank must be prepared for a more turbulent environment." The ECB stated that this tool will be launched in the third quarter of 2026, open to all central banks globally, except for those excluded due to reputation issues such as money laundering, terrorism financing, or international sanctions. Repurchase agreements are used in scenarios where banks are unable to obtain financing from the market, allowing financial institutions to borrow euros from the European Central Bank with high-quality assets as collateral and repay the principal and interest at maturity. The new tool will provide a maximum regular access limit of 500 billion euros.