Translation of "instrumenta" to English language:


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4.5 Facilidades permanentes Tal como se indicaba anteriormente , el Eurosistema instrumenta también la política monetaria fijando los tipos de interés de las facilidades permanentes , que tienen por objeto proporcionar o absorber liquidez a un día a iniciativa de las entidades de contrapartida .
4.5 Standing facilities As mentioned above , the Eurosystem also implements monetary policy by setting the interest rates on its standing facilities . Standing facilities provide or absorb liquidity with an overnight maturity on the initiative of counterparties .