Mastercard Enhances Digital Financial Experiences with Deposit Switch and Bill Pay Switch

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June 6, 2024/Mastercard

Refinancing Operations

As banks repay the amounts borrowed under the targeted longer-term refinancing operations, the Governing Council will regularly assess how targeted lending operations and their ongoing repayment contribute to its monetary policy stance. The Governing Council is ready to adjust all its instruments within its mandate to ensure that inflation returns to its 2% target over the medium term and preserve the smooth functioning of monetary policy transmission. Moreover, the Transmission Protection Instrument is available to counter unwarranted, disorderly market dynamics that seriously threaten monetary policy transmission across all euro area countries, thus allowing the Governing Council to deliver on its price stability mandate more effectively.

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