While the Bundesbank has always been available to provide foreign central banks with technical assistance, the momentous events of the early 1990s prompted the Bank to institutionalise this kind of work.
Moreover, going back to a Governing Council decision already taken last December, the number and frequency of longer-term refinancing operations is gradually being scaled back. In particular, the last one-year operation was conducted in December 2009, and one final six-month operation with full allotment will be conducted next month.