- PRESS RELEASE
ECB publishes indicative operational calendars for 2027
30 June 2026
- ECB publishes indicative calendar for Eurosystem’s regular tender operations and reserve maintenance periods for 2027
The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2027.
The indicative calendar for the Eurosystem’s reserve maintenance periods takes into account the calendar for Governing Council meetings in 2027, as well as the calendar for regular tender operations.
The indicative calendar for the Eurosystem’s regular tender operations includes only main refinancing operations (MROs) and three-month longer-term refinancing operations (LTROs). It does not include any supplementary or ad hoc operations which may be carried out in 2027.
Indicative calendar for reserve maintenance periods in 2027 (including maintenance period 8 of 2026)
MP | Relevant Governing | Start of MP | End of MP | Reserve base data | Reserve base data | Length of MP (days) |
|---|---|---|---|---|---|---|
8/2026 | Thu, 17-Dec-26 | Wed, 23-Dec-26 | Tue, 09-Feb-27 | Oct-26 | Sep-26 | 49 |
1 | Thu, 4-Feb-27 | Wed, 10-Feb-27 | Tue, 23-Mar-27 | Dec-26 | Sep-26 | 42 |
2 | Thu, 18-Mar-27 | Wed, 24-Mar-27 | Wed, 05-May-27 | Jan-27 | Dec-26 | 43 |
3 | Thu, 29-Apr-27 | Thu, 06-May-27 | Tue, 15-Jun-27 | Mar-27 | Dec-26 | 41 |
4 | Thu, 10-Jun-27 | Wed, 16-Jun-27 | Tue, 27-Jul-27 | Apr-27 | Mar-27 | 42 |
5 | Thu, 22-Jul-27 | Wed, 28-Jul-27 | Tue, 14-Sep-27 | May-27 | Mar-27 | 49 |
6 | Thu, 09-Sep-27 | Wed, 15-Sep-27 | Tue, 02-Nov-27 | Jul-27 | Jun-27 | 49 |
7 | Thu, 28-Oct-27 | Wed, 03-Nov-27 | Tue, 21-Dec-27 | Sep-27 | Jun-27 | 49 |
8 | Thu, 16-Dec-27 | Wed, 22-Dec-27 | Tue, 08-Feb-28 | Oct-27 | Sep-27 | 49 |
For media queries, please contact Clara Martín Marqués, tel.: +49 69 1344 17919.
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30 June 2026