The European Central Bank has published the indicative 2027 calendars for the Eurosystem’s regular tender operations and reserve maintenance periods. The reserve maintenance schedule is aligned with the 2027 Governing Council meeting calendar and the timetable for regular tender operations. The tender operations calendar covers only main refinancing operations and three-month longer-term refinancing operations. It excludes any supplementary or ad hoc operations that may be conducted in 2027. The accompanying reserve maintenance calendar sets the start and end dates for each maintenance period, including maintenance period 8 of 2026 and maintenance period 8 of 2027, and specifies the reserve base reference data for monthly and quarterly reporting institutions.
European Central Bank2026-06-30
European Central Bank publishes 2027 Eurosystem tender operations and reserve maintenance calendars
The European Central Bank has issued the indicative 2027 calendars for Eurosystem regular tender operations and reserve maintenance periods. The tender calendar covers only main refinancing operations and three-month longer-term refinancing operations, while the maintenance schedule aligns with Governing Council meetings and sets the relevant reserve base reference periods.