The final data point shared with external users at the end of the statistical value chain might be of very high quality, but it is reported with a delay. Hence, we need to find ways to provide relevant information quickly, albeit without sacrificing too much in terms of quality.
This flexibility was necessary in order to compensate for the shortage of liquidity in the interbank market,, which is very important for the transmission channel of monetary policy. Thereby, our liquidity operations have contributed to avoiding further increases in the funding costs of banks and their customers.