In China, ECB makes case for euro liquidity lines - KELO-AM

FRANKFURT, Oct 21 (Reuters) – The European Central Bank can strengthen the euro’s global role and amplify the reach of its monetary policy by providing liquidity ​safety nets to foreign countries, ECB chief ‌economist Philip Lane said on Wednesday. Speaking at a closed-door event in Shanghai titled “Monetary System Beyond the Dollar”, Lane said demand for the ECB’s recently expanded euro liquidity facilities had been strong, with more ‌than ​30 central banks expressing interest. “Liquidity lines ⁠bolster confidence in the ⁠currency and reduce the associated risks, supporting its wider usage,” he told the event, part of the annual Bund summit, according to prepared remarks.