- PRESS RELEASE
ECB publishes indicative operational calendars for 2024
15 September 2023
- ECB publishes indicative calendars for Eurosystem’s 2024 regular tender operations and reserve maintenance periods
- ECB aligns allotment and settlement dates of regular three-month longer-term refinancing operations with dates of main refinancing operations
- ECB amends end date of eighth maintenance period of 2023
The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2024.
The indicative calendar for the Eurosystem’s regular tender operations incorporates the alignment of the announcement, allotment and settlement dates of three-month longer-term refinancing operations (LTROs) with the corresponding dates of main refinancing operations (MROs). The alignment of the settlement dates is aimed at facilitating rollovers from MROs to LTROs, and vice versa. The change is effective as of the LTRO to be allotted on 30 January 2024. Consequently, the maturity dates of the LTROs to be allotted in October, November and December 2023 will coincide with the new settlement dates applicable as of 2024. The calendar includes only MROs and three-month LTROs. It does not include any supplementary or ad hoc operations which may be carried out in 2024. The calendar can be downloaded from theECB’s website.
The indicative calendar for the Eurosystem’s reserve maintenance periods takes into account both the calendar for Governing Council meetings in 2024 and the calendar for regular tender operations.
The indicative calendar for reserve maintenance periods in 2024 (including the eighth maintenance period of 2023) is given below:
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) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
14 December 2023 | 20 December 2023 | 30 January 2024 | October 2023 | September 2023 | 42 | ||||||||
1 | 25 January 2024 | 31 January 2024 | 12 March 2024 | November 2023 | September 2023 | 42 | |||||||
2 | 7 March 2024 | 13 March 2024 | 16 April 2024 | January 2024 | December 2023 | 35 | |||||||
3 | 11 April 2024 | 17 April 2024 | 11 June 2024 | February 2024 | December 2023 | 56 | |||||||
4 | 6 June 2024 | 12 June 2024 | 23 July 2024 | April 2024 | March 2024 | 42 | |||||||
5 | 18 July 2024 | 24 July 2024 | 17 September 2024 | May 2024 | March 2024 | 56 | |||||||
6 | 12 September 2024 | 18 September 2024 | 22 October 2024 | July 2024 | June 2024 | 35 | |||||||
7 | 17 October 2024 | 23 October 2024 | 17 December 2024 | August 2024 | June 2024 | 56 | |||||||
8 | 12 December 2024 | 18 December 2024 | tbd | October 2024 | September 2024 | tbd | |||||||
The table also includes a change in the indicative calendar for reserve maintenance periods in 2023. Specifically, the end of the eighth maintenance period of 2023 has been brought forward by one week, from 6 February 2024 to 30 January 2024. The start of the maintenance period on 20 December 2023 is unchanged. The adjustment reflects a change in the schedule for Governing Council meetings in 2024.
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