Saturday, April 9, 2011
02 ECB reading
CHAPTER IV - MONETARY FUNCTIONS AND OPERATIONS OF THE ESCB
Open market and credit operations
18.1. In order to achieve the objectives of the ESCB and to carry out its tasks, the ECB and the national central banks may:
– operate in the financial markets by buying and selling outright (spot and forward) or under repurchase agreement and by lending or borrowing claims and marketable instruments, whether in Community or in non-Community currencies, as well as precious metals;
The doc about ECB: here.