Episode
How Central Banks Are Using Standing Repo Facilities
- Published
- Jul 6, 2026
- Duration seconds
- 623
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Summary
Central banks have a new emergency tool that doesn't wait for a crisis. Lucas and Luna explain the Standing Repo Facility — a permanent backstop for overnight lending that the Fed introduced in 2021 and other central banks are now adopting. They walk through how the facility works in practice, why it replaces the ad-hoc repo operations of September 2019, and what it means for bank liquidity, money market functioning, and the transmission of monetary policy. Specific focus on the New York Fed's Standing Repo Facility usage data through mid-2026, and the Bank of England's parallel Sterling Monetary Framework reforms. No hype, just the mechanics. #StandingRepoFacility #FederalReserve #BankOfEngland #RepoMarket #OvernightLending #Liquidity #MoneyMarket #MonetaryPolicy #CentralBank #NewYorkFed #SterlingMonetaryFramework #Banking #FixedIncome #Economics #FexingoBusiness #BusinessPodcast #FinancialSystem #Macro Keep every episode free: buymeacoffee.com/fexingo