In the Euro Area, Base Money consists of banknotes in circulation, the deposits that credit institutions are required to hold in their current accounts with the Eurosystem in order to cover the minimum reserve requirement (required central bank reserves) and credit institutions’ holdings of highly liquid deposits with the Eurosystem over and beyond the level of required central bank reserves (excess central bank reserves and recourse to the deposit facility). Since the 2008 financial crisis, base money has been increasingly influenced by Eurosystem monetary policy operations, including the purchase of securities under its Asset Purchase Program (APP).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
4248919.00 |
4337411.00 |
6385741.00 |
415566.00 |
1999 - 2025 |
EUR Million |
Monthly |
Current Prices, NSA
|