Autonomous liquidity factors are changes that alter the amount of liquidity available to banks through ordinary financial or public-sector transactions rather than through deliberate central-bank policy actions. Such influences may include shifts in the central bank's foreign-asset position, movements in public-sector balances, and changes in the public's demand for physical currency. They are tracked to separate incidental liquidity effects from those created by monetary-policy operations.
Passende Formel
Source: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.