1. Targeted longer-term refinancing operations (27–48 months)2. Supplementary longer-term refinancing operations (1–36 months)3. Longer-term refinancing operations (3 months)4. Main refinancing operations (1 week)5. Securities held for monetary policy purposes (right-hand scale)Sources: European Central Bank and Bank of Finland.
The Eurosystem’s liquidity-providing operations
(tender operations and asset purchase programmes)
EUR billion
EUR billion
1,5001,2501,0007505002500
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
4
2
1
3
3,0002,5002,0001,5001,0005000
5