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Liquidity conditions and monetary policy operations in the period from 31 January to 2 May 2018

Author

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  • Costantini, Riccardo

Abstract

This box describes the ECB's monetary policy operations during the first and second reserve maintenance periods of 2018, which ran from 31 January to 13 March 2018 and from 14 March to 2 May 2018 respectively. During this period the interest rates on the main refinancing operations (MROs), the marginal lending facility and the deposit facility remained unchanged at 0.00%, 0.25% and 0.40% respectively. JEL Classification: E40, E52, E58

Suggested Citation

  • Costantini, Riccardo, 2018. "Liquidity conditions and monetary policy operations in the period from 31 January to 2 May 2018," Economic Bulletin Boxes, European Central Bank, vol. 4.
    • Handle: RePEc:ecb:ecbbox:2018:0004:1
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2018/html/ecb.ebbox201804_01.en.html
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    More about this item

    Keywords

    autonomous factors; excess liquidity; interest rate developments; monetary policy;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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