The Central Bank of the Republic of Kosovo (CBK) announces that the Governing Council of the European Central Bank (ECB) has approved the extension of the REPO line for the CBK until January 31, 2027.
The terms for the continuation of the ECB line were accepted by the CBK with a confirmation letter dated January 29, 2025, following the CBK’s request on November 25, 2024, for an extension, and prior to the expiration of the previous agreement.
The temporary REPO line, with a maximum amount of 100 million euros, provides an additional precautionary measure to address potential liquidity needs and to maintain the stability of Kosovo’s financial system.
Although the CBK has not yet utilized the existing REPO line, it considers this instrument to be of utmost importance for the monetary and financial stability of Kosovo, particularly in light of the current global uncertainties and their potential risks to the global economies and financial markets.
On this occasion, the CBK expresses its highest appreciation and respect to the Governing Council and President Lagarde of the European Central Bank.
