autonomous liquidity factors

What is autonomous liquidity factors?

autonomous liquidity factors definition and meaning on Finance terms:
Liquidity factors that do not normally stem from the use of monetary policy instruments. They include, for example, banknotes in circulation, government deposits with the central bank and net foreign assets of the central bank. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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