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PRESS RELEASE

Time series for liquidity conditions in the euro area

7 February 2003

From today onwards, the European Central Bank (ECB) will publish time series for the aggregate liquidity conditions in the euro area (i.e. the Eurosystem's supply of and credit institutions' demand for liquidity in euro) and historical data on the forecasts of the average autonomous liquidity factors.

The time series will be available on the ECB's website (www.ecb.europa.eu) in the "Statistics" section under the heading "Liquidity management – time series" and will be updated once a month on the second business day of each minimum reserve maintenance period.

Data on the aggregate liquidity conditions have been published on a daily basis via newswire services since January 1999, while forecasts of the average autonomous liquidity factors have been released with a weekly frequency since the end of June 2000.

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Den Europæiske Centralbank

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