New remuneration of excess reserves

20 May 2026

The framework for the remuneration of excess reserves has been simplified, in line with the ECB Governing Council's decision of December 2025.

As of 17 June 2026, excess reserves held by monetary policy counterparties that meet the conditions for access to the deposit facility, in excess of minimum reserve requirements, will be remunerated at the deposit facility rate.

Further information is available on our Excess reserves page.