The Contingent Term Repo Facility: Lessons learned and an update

Jessie Ziqing Chen, Parnell Chu and Scott Kinnear

No 2025-12, Staff Analytical Notes from Bank of Canada

Abstract: In 2024, the Bank of Canada reviewed and updated its Contingent Term Repo Facility policy, incorporating lessons learned from the COVID-19 pandemic and other global market developments, such as the UK gilt crisis in September 2022. This paper accompanies the March 17, 2025, Contingent Term Repo Facility market notice and provides background information and further details about the design of the revised policy.

Keywords: Central bank research; Financial stability; Lender of last resort (search for similar items in EconPapers)
JEL-codes: E5 E58 F6 F68 G0 G01 G2 G23 (search for similar items in EconPapers)
Date: 2025-03
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:25-12

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