According to the consolidated weekly statement of the Eurosystem to the 7 August 2026 the net foreign currency position rose by €0.8 billion to €348.9 billion. At the same time, the balance of monetary policy operations, including standing facilities, fell by €20.6 billion to −€1,951.2 billion. Base money increased by €5.2 billion to €3,965.7 billion. The Europäische Zentralbank published the figures on 11 August 2026; the Banco de España published the statement in Spanish.
The ECB's table for 7 August 2026 gives the holdings of the main securities purchase programmes as follows: PSPP €1,678.8 billion, PEPP €1,291.5 billion, CSPP €218.2 billion, CBPP3 €190.9 billion and ABSPP €2.0 billion; the SMP is listed at €0.0 billion. According to the statement, some programmes saw scheduled redemptions during the reporting week; the column for new purchases remained largely unchanged, while net declines resulting from repayments were reported for the PSPP and PEPP. The figures are published in accordance with the Eurosystem's accounting rules and the ECB's regular reporting obligations.
Explanation of movements (as attributed in the statement): The ECB largely attributes the fall in the aggregate balance of monetary policy positions to changes in the Deposit facility . When commercial banks' deposits in this facility rise, they increase the Eurosystem's short-term liabilities and reduce the reported net balance. The rise in base money signals slightly higher central bank liquidity during the reporting week, without implying any longer-term change in monetary policy.
Outlook and context (forecasts should be treated separately): It remains unclear to what extent ongoing redemptions will further alter the programmes' balance-sheet structure. In previous statements, the ECB has discussed ending reinvestments in parts of the portfolio; the actual effects, however, only become clear when several weekly and monthly statements are considered together. Reliable conclusions about monetary policy require further data series on market liquidity and interest-rate levels over longer periods.
Factual basis: The figures and programme holdings cited are from the ECB's weekly overview, published on 11 August 2026, with figures as at 7 August 2026; the Banco de España disseminated the information as part of its Eurosystem communications.
Editor: Daniel Mayer (Article created with AI assistance).