The European Central Bank announced today that it is extending efforts to ensure money market liquidity.

The Governing Council of the ECB decided to renew the two outstanding three‑month supplementary longer-term refinancing operations (each worth €50 billion) that will mature on August 14 and September 11.

“The renewal of these two supplementary three-month LTROs is aimed at further consolidating the progress achieved so far in the normalisation of the euro money market,” the ECB said.

The renewal will not affect the regular LTROs. The two supplementary LTROs will also be for €50 billion each. The first operation will be settled on August 14 and will mature on November 13. The second operation will be settled on September 11 and will mature on December 11.