Español
English
Youtube
RSS
Flickr
Suscription
LinkedIn
Twitter
Search
Search button
About us
Eurosystem
SSM
Services
Employment and scholarships
Legislation
Publications
Press room
BUSINESS AREAS
Choose an area
Analysis and research
Banknotes and coins
Central Balance Sheet Data Office
Conduct
Public debt
Financial stability
Statistics
Monetary policy
Resolution
Payment systems
Banking Supervision
BUSINESS AREAS
Analysis and research
Banknotes and coins
Central Balance Sheet Data Office
Conduct
Public debt
Financial stability
Statistics
Monetary policy
Resolution
Payment systems
Banking Supervision
Monetary policy
Home
Monetary policy
Monetary policy in the euro area and its instruments
ECB interest rates
ECB interest rates
What are the key ECB interest rates?
What are open market operations?
Open market operations procedures: tenders and bilateral procedures.
What are counterparties?
What are standing facilities?
What are bank reserves?
What is the role of bank reserves in the payment system?
What are minimum reserve requirements?
What is the reserve ratio?
What are excess reserves?
What is the two-tier system?
Related Information
Key ECB interest rates.
Key ECB interest rates
Monetary financial institutions.
Calendars
Reserve maintenance periods.
Eurosystem’s tender operations.
Eurosystem’s tender operations in USD.
TLTROs-III.
PELTROs.
ALSO OF INTEREST...
Related Legislation
Minimum reserve requirements.
Other useful information
How to calculate the minimum reserve requirements
Decision on the two-tier system.
Back
Accessibility
Privacy policy
Cookies policy
Disclaimer
Site map
Links
Contact us
© Banco de España
Classic version
Mobile version
