Refinancing Operations In the Euro Area increased to 18.51 EUR Billion in October 16 from 18.08 EUR Billion in the previous week. Refinancing Operations in Euro area averaged 109.62 EUR Billion from 1999 until 2026, reaching an all time high of 368.61 EUR Billion in December of 2007 and a record low of 0.02 EUR Billion in September of 2021. source: European Central Bank

Related	Last	Previous	Unit	Reference
Central Bank Balance Sheet	5935346.00	5943911.00	EUR Million	Oct 2026
Deposit Facility Rate	2.50	2.25	percent	Sep 2026
Foreign Exchange Reserves	119.88	121.42	USD Billion	Sep 2026
Interbank Rate	2.67	2.68	percent	Oct 2026
ECB Interest Rate	2.65	2.40	percent	Sep 2026
Marginal Lending Rate	2.90	2.65	percent	Sep 2026
Loans to Households YoY	3.10	3.10	percent	Aug 2026
Loans to Non-financial Corporations	5499715.00	5488618.00	EUR Million	Aug 2026
Longer-Term Refinancing Operations	16.19	16.19	EUR Billion	Oct 2026
Money Supply M1	11293328.00	11291831.00	EUR Million	Aug 2026
Money Supply M2	16447405.00	16434747.00	EUR Million	Aug 2026
Money Supply M3	17646463.00	17615092.00	EUR Million	Aug 2026
Refinancing Operations	18.51	18.08	EUR Billion	Oct 2026

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).