Towards a new Eurosystem balance sheet – www.ecb.europa.eu

Towards a new Eurosystem balance sheet – www.ecb.europa.eu

www.ecb.europa.eu Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets 2025Frankfurt am Main, 6 November 2025Key messages:Quantitative normalisation is proceeding smoothly, with strong liquidity positions of banks...