October 2025

31 October 2025

Market operations

ECB Decision implementing the interim emissions reduction target framework for corporate bond holdings under the asset purchase programme (APP) and the temporary pandemic emergency purchase programme (PEPP)

On 1 October 2025 the Governing Council adopted Decision ECB/2025/30 amending Decision (EU) 2016/948 on the implementation of the corporate sector purchase programme (ECB/2016/16). The Decision legally implements the interim emissions reduction target framework for APP and PEPP corporate bond holdings. More detailed information was provided by the ECB in its June 2025 report entitled “Climate-related financial disclosures of Eurosystem assets held for monetary policy purposes and of the ECB’s foreign reserves”.

ECB Decision on transitional provisions for the application of minimum reserves by the European Central Bank following the introduction of the euro in Bulgaria

On 13 October 2025 the ECB announced the adoption of Decision Vai all’articolo completo.