It should be stressed that our intermediation role is clearly a temporary measure which should be reversed as soon as possible.20 In this regard, at some point the ECB may start thinking about measures that would help to reactivate the money market, such as a rewidening of the corridor in some way or other.
Such a widening would reduce the intermediation role of the Eurosystem and would be a necessary measure to reactivate some segments of the money market. However, it is not a necessary condition, so one cannot be sure to which extent the money market would be revived.