European Central Bank reports decline in financial metrics

The European Central Bank (ECB) oversees monetary policy for countries in the European Union that use the euro. Its main job is to keep prices stable, which helps protect the value of the euro. In the week ending March 14, 2025, the ECB reported several financial updates. The total value of foreign currencies held by the Eurosystem fell by EUR 1.2 billion, bringing the total to EUR 347.2 billion. Additionally, the balance from various market operations dropped by EUR 1.3 billion, resulting in a negative balance of EUR 2,786.2 billion. The amount of base money also decreased by EUR 1.2 billion, leading to a total of EUR 4,565.4 billion. A detailed breakdown of the ECB's monetary policy securities shows changes in various portfolios. The Securities Markets Programme stands at EUR 0.7 billion, with a small decline due to redemptions. The Covered Bond Purchase Programme is now valued at EUR 238.3 billion, having decreased by EUR 1.4 billion. Other programs include the Public Sector Purchase Programme, which has a total of EUR 2,069.5 billion after a reduction, and the Corporate Sector Purchase Programme, worth EUR 279.4 billion with a slight decrease. The Pandemic Emergency Purchase Programme remains at EUR 1,565.1 billion but has also seen reductions. Overall, the ECB is adjusting its balance sheets as it manages large-scale assets while focusing on maintaining economic stability in the euro area.