Refinancing Operations In the Euro Area increased to 1.45 EUR Billion in May from 0.94 EUR Billion in March of 2023. source: European Central Bank

Refinancing Operations in Euro area averaged 136.79 EUR Billion from 1999 until 2023, reaching an all time high of 337.32 EUR Billion in December of 2008 and a record low of 0.08 EUR Billion in July of 2021. This page includes a chart with historical data for ECB Main Refinancing Operations (MROs). ECB Main Refinancing Operations (MROs) - values, historical data and charts - was last updated on June of 2023.

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ECB Main Refinancing Operations (MROs)


ECB Main Refinancing Operations (MROs)
The European Central Bank uses open market operations to steer interest rates, to manage the amount of liquidity in the financial system and to signal the monetary policy stance. Regular open market operations consist of one-week liquidity-providing operations in euro (main refinancing operations, or MROs) and three-month liquidity-providing operations in euro (longer-term refinancing operations, or LTROs).
Actual Previous Highest Lowest Dates Unit Frequency
1.45 0.94 337.32 0.08 1999 - 2023 EUR Billion Monthly
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