Refinancing Operations In the Euro Area increased to 10.65 EUR Billion in December from 10.04 EUR Billion in November of 2025. Refinancing Operations in Euro area averaged 127.08 EUR Billion from 1999 until 2025, 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. source: European Central Bank



Related Last Previous Unit Reference
Central Bank Balance Sheet 6176464.00 6226783.00 EUR Million Mar 2026
Deposit Facility Rate 2.00 2.00 percent Feb 2026
Foreign Exchange Reserves 124.87 115.98 USD Billion Jan 2026
Interbank Rate 2.12 2.14 percent Mar 2026
ECB Interest Rate 2.15 2.15 percent Feb 2026
Marginal Lending Rate 2.40 2.40 percent Feb 2026
Loans to Households YoY 3.00 3.00 percent Jan 2026
Loans to Non-financial Corporations 5340351.00 5323731.00 EUR Million Jan 2026
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M1 11225427.00 11092333.00 EUR Million Jan 2026
Money Supply M2 16204710.00 16076999.00 EUR Million Jan 2026
Money Supply M3 17344679.00 17206690.00 EUR Million Jan 2026
Refinancing Operations 10.65 10.04 EUR Billion Dec 2025


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
10.65 10.04 337.32 0.08 1999 - 2025 EUR Billion Monthly
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