ECB · European Central Bank · Pro

ECB Net Liquidity

The euro area's version of Fed Net Liquidity: the Eurosystem's total assets, minus what it owes euro area governments and other residents (their accounts at the central banks), minus its liquidity-absorbing operations, the nearest it has to the Fed's reverse repo (none since 2014). Weekly, from the ECB's financial statement. The ECB has published the government part on its own only since November 2025, so the deposits include other euro area residents' (about half of it now).

Part of Liquidity Dashboard Pro, with 305 other charts: US$20 a month or US$80 a year, free for 7 days.

About this chart

On the dashboard you can change the range (1 week to the full history), expand it, compare it with other series in a custom chart, set an alert on it and download it as PNG, SVG, CSV or JSON. Those are Pro features.

In AI apps and your own code

Ask Claude, ChatGPT or another AI app about it with the MCP connector, or read its data from your own scripts with a Pro API key (chart id ECBNETLIQ).

More European Central Bank charts

• ECB Total Assets Free
  ECB total assets, in euros.
• Bank Deposits at the ECB Pro
  Banks' current accounts plus the deposit facility: the euro liquidity banks hold at the Eurosystem, close to the ECB's measure of excess liquidity (which also subtracts minimum reserves).
• Bank Current Accounts at the ECB Pro
  Euro area banks' current account balances at the Eurosystem, including minimum reserves. Weekly, as of each Friday.
• ECB Deposit Facility Use Pro
  Money banks park overnight at the ECB's deposit facility, paid the deposit rate. Weekly.
• ECB Securities Holdings Pro
  Euro area securities the Eurosystem holds, mostly its asset purchase portfolios (APP and PEPP). Falling as they run off (quantitative tightening). Weekly.
• Government & Other Deposits at the ECB Pro
  What the Eurosystem owes euro area governments and other residents (item 5 of its weekly statement): the euro area's nearest equivalent of the US Treasury General Account. When it rises, money leaves the banking system. Weekly.
• Euro Banknotes in Circulation Pro
  Euro banknotes in circulation, the largest item on the Eurosystem's liabilities. Weekly.
• ECB Main Refinancing Operations Pro
  One-week loans from the ECB to banks at the main refinancing rate. Rising use can point to funding strain. Weekly.

All ECB charts · all 306 charts

General information only, not financial advice. Data can be delayed, revised or wrong. Sources and credits.