Main refinancing operations

Monetary policy - Eurosystem - open market operations.

(MRO).

The Eurosystem’s open market operations include one-week liquidity-providing operations in euro (main refinancing operations) as well as longer-term refinancing operations.

MROs serve to steer short-term interest rates, to manage the liquidity situation and to signal the monetary policy stance in the euro area.

See also

• Central bank
• Euro
• Euro area
• European Central Bank
• Eurosystem
• Longer-term refinancing operations
• Monetary policy
• Open market operations