The Banque centrale du Luxembourg wants to recall that it has taken the necessary measures to ensure business continuity in the areas of monetary policy operations, collateral management, payment systems, liquidity supervision, and the distribution of banknotes and coins.
The steps taken by the BCL also aim at safeguarding the well-being of its staff. The Bank has postponed the hosting of events, limited physical access to its premises, strengthened internal sanitary measures and asked critical operational staff to access the Bank’s systems remotely. The Executive Board and several staff teams have been split, notably through the use of remote access.
For any further question, please refer to your usual contacts at the BCL.
For your information, operational measures taken by the ECB can be found here.
Further information for counterparties can be found here.
06/04/2021 - Gaston Reinesch, Governor
An overview of the main Eurosystem's monetary policy instruments in place
Summary
This is the first of three articles describing the instruments through which the Eurosystem implements monetary policy decisions. This post recapitulates the conventional monetary policy tools, which were the main instruments used by the Eurosystem before the global financial crisis of 2007-2008.
The Banque centrale du Luxembourg (BCL) is the monetary authority of Luxembourg and a member of the Eurosystem and the European System of Central Banks.
| Marginal lending facility | 0.25% |
| Main refinancing operations | 0.00% |
| Deposit facility | -0.50% |
The BCL offers presentations to allow the public to learn more about the bank, its activities, the history of its buildings and the Luxembourg currency until the introduction of the euro.
The BCL is in charge of the secretariat of the Systemic Risk Committee.
06/04/2021 - Gaston Reinesch, Governor
An overview of the main Eurosystem's monetary policy instruments in place
Summary
This is the first of three articles describing the instruments through which the Eurosystem implements monetary policy decisions. This post recapitulates the conventional monetary policy tools, which were the main instruments used by the Eurosystem before the global financial crisis of 2007-2008.
06/04/2021 - Gaston Reinesch, Governor
An overview of the main Eurosystem's monetary policy instruments in place
Summary
This is the first of three articles describing the instruments through which the Eurosystem implements monetary policy decisions. This post recapitulates the conventional monetary policy tools, which were the main instruments used by the Eurosystem before the global financial crisis of 2007-2008.
