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  • PRESS RELEASE

ECB publishes indicative operational calendars for 2025

19 July 2024

  • ECB publishes indicative calendars for Eurosystem’s regular tender operations and reserve maintenance periods for 2025

The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2025.

The indicative calendar for the Eurosystem’s reserve maintenance periods takes into account the calendar for Governing Council meetings in 2025 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 2025.

Indicative calendar for reserve maintenance periods in 2025 (including maintenance period 8 of 2024):

MP

Relevant Governing Council meeting

Start of maintenance period

End of maintenance period

Reserve base data for credit institutions reporting monthly

Reserve base data for credit institutions reporting quarterly

Length of the maintenance period (days)

8/2024

12 December 2024

18 December 2024

4 February2025

October 2024

September 2024

49

1

30 January 2025

5 February 2025

11 March 2025

December 2024

September 2024

35

2

6 March 2025

12 March 2025

22 April 2025

January 2025

December 2024

42

3

17 April 2025

23 April 2025

10 June 2025

February 2025

December 2024

49

4

5 June 2025

11 June 2025

29 July 2025

April 2025

March 2025

49

5

24 July 2025

30 July 2025

16 September 2025

May 2025

March 2025

49

6

11 September 2025

17 September 2025

4 November 2025

July 2025

June 2025

49

7

30 October 2025

5 November 2025

22 December 2025

September 2025

June 2025

48

8

18 December 2025

23 December 2025

10 February 2026

October 2025

September 2025

50

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

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