It is my pleasure to be with you in today’s virtual session. At this juncture, we have regained some relative stability in our macroeconomic and financial situation. While there was a rapid increase in COVID cases in August due to the delta variant, the country managed to successfully reduce this.
These have led to a significant increase in assets eligible for use in monetary policy operations and to an extension of maturities in financing operations. In addition, to encourage the distribution of liquidity among the Portuguese banks, Banco de Portugal has also launched a new platform for processing secured and unsecured interbank money market operations.