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Commentary

15 December 2020 In the week ending 11 December 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.3 billion to EUR 307.5 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) rose by EUR 24.9 billion to EUR 1,184.1 billion. Base money (liability items 1, 2.1 and 2.2) increased by EUR 57.6 billion to EUR 5,027.5 billion. The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.

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