This includes the pandemic emergency longer-term refinancing operations (PELTRO) programme that serves to support liquidity conditions in all segments of the euro area financial system and preserve the smooth functioning of money markets.
Furthermore, at the international level, we provided euro liquidity facilities through a variety of agreements with central banks outside the euro area, while the existing network of swap lines with the other major central banks was also reactivated, which enabled euro area banks to obtain foreign-currency liquidity if needed.