ECB publishes operational calendars for 2027

The European Central Bank (ECB) has published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods for 2027.

The reserve maintenance periods calendar considers the Governing Council meetings schedule and regular tender operations calendar.

The tender operations calendar includes only main refinancing operations (MROs) and three-month longer-term refinancing operations (LTROs). It does not include any supplementary or ad hoc operations planned for 2027.

The indicative calendar for reserve maintenance periods in 2027 also includes maintenance period 8 of 2026.