The European Central Bank approved the extension of the REPO Line until 2027

The Central Bank of the Republic of Kosovo (CBK) announces that, the Governing Council of the European Central Bank (ECB) has granted an extension of the temporary REPO Line for the CBK until January 31, 2027.

The terms of the extension were accepted by the CBK in a Confirmation Letter dated January 29, 2025, following the CBK’s request on November 25, 2024, prior to the expiration of the previous agreement.

The temporary REPO Line, with the maximum borrowable amount of EUR 100 million, provides an additional layer of precautionary security to address potential Euro liquidity needs and support the stability of Kosovo’s financial system.

Source: European Central Bank (ECB)

Although the CBK has not utilized the REPO Line it views this instrument as crucial for ensuring the monetary and financial stability of Kosovo, particularly in light of global uncertainties and their potential risks to economies and financial markets.

The CBK expresses its gratitude and highest regard to the Governing Council and the President of the ECB President Lagarde.