The Europäische Zentralbank reported a 4 September 2026 a net foreign currency position of €350.1 billion in the Eurosystem’s consolidated weekly financial statement as at Banco de España The tables and explanatory notes were published on 8 September 2026 and are documented on the website of the
The weekly financial statement also shows how monetary policy operations distribute liquidity: while the total volume of liabilities to credit institutions under monetary policy operations increased during the reporting week, the position deposit facilitySuch movements reflect the ongoing fine-tuning of excess liquidity and affect the short-term interest rate channel.
The monetary base – the sum of banknotes and coin in circulation, credit institutions’ current account deposits with central banks and deposits with the central bank – stood at around €3,967.8 billion as at the reporting date, up on the previous week. This figure shows the available central bank liquidity and is a key indicator of conditions in the euro area interbank market.
On the assets side, the statement lists holdings of gold, foreign currency claims and the position Securities held for monetary policy purposes. The latter comprises securities portfolios held for monetary policy purposes, valued in accordance with the European Central Bank’s accounting rules. According to the ECB, short-term fluctuations in the net foreign currency position typically result from market movements and Eurosystem foreign exchange operations.
For banks and financial markets, the weekly consolidated data provide an up-to-date picture of liquidity conditions in the Eurosystem. They offer insight into the extent to which the deposit facility, open market operations and standing facilities are used, and how the net balance of liabilities is made up as a result. The figure just published is clearly assigned to the completed reference date of 4 September 2026; subsequent changes will be reflected in the central bank’s following weekly reports.
Publication via the Banco de España underlines the institutional framework in which the Eurosystem’s national central banks provide information from the European Central Bank. For Spain, this is particularly relevant to interpreting liquidity conditions in the domestic banking sector and understanding the role of the national central bank in the common monetary policy mechanism.
Editor: Daniel Mayer (Article created with AI assistance).