The ECB's temporary operations typically involve the use of:

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The ECB's temporary operations typically involve the use of repurchase agreements, also known as repo agreements. These involve the ECB purchasing securities from banks, with a promise to sell them back at a later date. This provides liquidity to the banking system in the short-term. The other choices of discount loans, outright purchase, or outright sale of U.S. Treasury securities are not typically used by the ECB in these temporary operations.

The ECB's Temporary Operations Typically Involve the Use Of