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 6278438.00 6280697.00 EUR Million Jan 2026
Deposit Facility Rate 2.00 2.00 percent Dec 2025
Foreign Exchange Reserves 115.98 111.48 USD Billion Dec 2025
Interbank Rate 2.03 2.02 percent Jan 2026
ECB Interest Rate 2.15 2.15 percent Dec 2025
Marginal Lending Rate 2.40 2.40 percent Dec 2025
Loans to Households YoY 3.00 2.90 percent Dec 2025
Loans to Non-financial Corporations 5324307.00 5300835.00 EUR Million Dec 2025
Longer-Term Refinancing Operations 10.57 11.23 EUR Billion Dec 2025
Money Supply M1 11087922.00 11058080.00 EUR Million Dec 2025
Money Supply M2 16073522.00 16024591.00 EUR Million Dec 2025
Money Supply M3 17230703.00 17192692.00 EUR Million Dec 2025
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
Current Prices, NSA