For instance, last month the ECB enlarged the provision of liquidity at its regular weekly main refinancing operations, well above the amount normally envisaged by the frontloading approach,  4  BIS Review 125/2008  with the aim of further strengthening its liquidity intermediation at a time of significant rigidity in the euro money market.
The ECB then reabsorbed the resulting excess of liquidity on a daily basis through overnight fine-tuning operations, and continued to rebalance the liquidity conditions towards the end of the reserve maintenance period. 2.