The European Central Bank published its biennial quality report on euro area monetary and financial statistics, reviewing how data were collected, processed and disseminated in 2023 and 2024. It concludes that production ran smoothly and continued to meet quality standards and policy requirements, while setting out major reporting and methodological changes implemented or underway. The report highlights the recast investment fund statistics regulation adopted in June 2024, which adds more granular asset and liability breakdowns, new information on income and fees and a shift towards monthly reporting. A revised statistical non-compliance framework took effect in April 2024, introducing remedial plans, clearer processing roles and timelines, a strengthened methodology for calculating potential sanctions and mandatory publication of sanctions related to statistical reporting. Other updates include the February 2024 Manual on MFI balance sheet statistics, reflecting changes such as new requirements on securitisations and notional cash pool positions and the broadened definition of credit institutions, and the first publication of enhanced payments statistics in November 2023 with expanded scope and increased frequency for retail payments indicators. On quality metrics, timeliness was broadly maintained with only limited delays, revisions to M3 growth rates were generally small, and revisions to MFI interest rate statistics were typically limited, with 71% within plus or minus 5 basis points. Implementation milestones include national central banks beginning transmission of enhanced aggregated investment fund data in February 2026 for December 2025 data, followed by transmission of data on individual investment funds in September 2026 for June 2026 data. The report also points to ongoing preparations for Bulgaria’s planned euro adoption on 1 January 2026 and notes that a public consultation on a draft recast insurance corporation statistics regulation is planned for early 2026, with adoption expected in the first half of 2026.
European Central Bank 2025-12-09
European Central Bank quality report confirms high-quality euro area monetary and financial statistics and maps 2026 reporting upgrades
The European Central Bank's biennial report confirms smooth data production and adherence to quality standards. Key updates include the recast investment fund statistics regulation, a revised non-compliance framework, and enhanced payments statistics. The report outlines future milestones, such as transmitting enhanced investment fund data and preparing for Bulgaria's euro adoption.