ECB Press Release

PRESS RELEASE - Measures to improve the efficiency of the operational framework for monetary policy, 23 January.

The Governing Council of the ECB has decided to implement the following two measures to improve the operational framework for monetary policy:

The timing of the reserve maintenance period will be changed so that it will always start on the settlement day of the main refinancing operation (MRO) following the Governing Council meeting at which the monthly assessment of the monetary

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