PRESS RELEASE

ECB publishes indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2017 and 2018

14 September 2016

EMBARGO

Transmission embargo until 3:00 CET on Wednesday, 14 September 2016

The European Central Bank (ECB) is today publishing the following indicative calendars for two consecutive years, 2017 and 2018: (i) indicative calendars for the Eurosystem’s regular tender operations and (ii) indicative calendars for the Eurosystem’s reserve maintenance periods.

The indicative calendars for the Eurosystem’s regular tender operations include only main refinancing operations (MROs) and three-month longer–term refinancing operations (three-month LTROs). They do not include any supplementary or ad hoc operations which may be carried out in 2017 or 2018. The calendars can be downloaded from the ECB’s website.

The indicative calendars for the Eurosystem’s reserve maintenance periods take into account the calendars for Governing Council meetings in 2017 and 2018 as well as the calendars for regular tender operations. These calendars are provided below.

Indicative calendar for the reserve maintenance periods in 2017:

MP Relevant Governing Council meeting

Start of

maintenance period 2017

End of

maintenance period 2017

Reserve base data for credit institutions reporting monthly Reserve base data for credit institutions reporting quarterly Length of the maintenance period (days)
1 19 January 2017 25 January 2017 14 March 2017 November 2016 September 2016 49
2 9 March 2017 15 March 2017 2 May 2017 January 2017 December 2016 49
3 27 April 2017 3 May 2017 13 June 2017 March 2017 December 2016 42
4 8 June 2017 14 June 2017 25 July 2017 April 2017 March 2017 42
5 20 July 2017 26 July 2017 12 September 2017 May 2017 March 2017 49
6 7 September 2017 13 September 2017 31 October 2017 July 2017 June 2017 49
7 26 October 2017 1 November 2017 19 December 2017 September 2017 June 2017 49
8 14 December 2017 20 December 2017 30 January 2018 October 2017 September 2017 42

Indicative calendar for the reserve maintenance periods in 2018:

MP Relevant Governing Council meeting

Start of

maintenance period 2018

End of

maintenance period 2018

Reserve base data for credit institutions reporting monthly Reserve base data for credit institutions reporting quarterly Length of the maintenance period (days)
1 25 January 2018 31 January 2018 13 March 2018 November 2017 September 2017 42
2 8 March 2018 14 March 2018 2 May 2018 January 2018 December 2017 50
3 26 April 2018 3 May 2018 19 June 2018 March 2018 December 2017 48
4 14 June 2018 20 June 2018 31 July 2018 April 2018 March 2018 42
5 26 July 2018 1 August 2018 18 September 2018 June 2018 March 2018 49
6 13 September 2018 19 September 2018 30 October 2018 July 2018 June 2018 42
7 25 October 2018 31 October 2018 18 December 2018 August 2018 June 2018 49
8 13 December 2018 19 December 2018 29 January 2019 October 2018 September 2018 42

For media queries, please contact William Lelieveldt, tel.: +49 69 1344 7316.

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Calendars for the Eurosystem's regular tender operations

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