Target Balances

Data - ECB

Info

Last observation: Monthly: 2026-06 (N = 46)

First observation: Monthly: 2001-01 (N = 22)

Last data update: 15 aoû 2026, 05:35. Last compile: 15 aoû 2026, 07:04

Structure

Info

source dataset Title Updated
ecb TGB Target Balances 2026-08-14
ecb ILM_PUB Internal Liquidity Management - Published series 2026-08-14

Data on monetary policy

source dataset Title Updated
ecb ILM_PUB Internal Liquidity Management - Published series 2026-08-14
bdf FM Marché financier, taux 2026-08-10
bdf MIR Taux d'intérêt - Zone euro 2026-08-10
bdf MIR1 Taux d'intérêt - France 2026-08-10
bis CBPOL Policy Rates, Daily 2026-07-25
ecb BSI Balance Sheet Items 2026-08-13
ecb BSI_PUB Balance Sheet Items - Published series 2026-08-13
ecb FM Financial market data 2026-08-13
ecb ILM Internal Liquidity Management 2026-08-14
ecb MIR MFI Interest Rate Statistics 2026-08-14
ecb RAI Risk Assessment Indicators 2026-08-14
ecb SUP Supervisory Banking Statistics 2026-08-14
ecb YC Financial market data - yield curve 2026-08-14
ecb YC_PUB Financial market data - yield curve - Published series 2026-08-14
ecb liq_daily Daily Liquidity 2026-08-14
eurostat ei_mfir_m Interest rates - monthly data 2026-08-14
eurostat irt_st_m Money market interest rates - monthly data 2026-08-13
fred r Interest Rates 2026-08-13
oecd MEI Main Economic Indicators 2026-08-02
oecd MEI_FIN Monthly Monetary and Financial Statistics (MEI) 2026-08-02

LAST_COMPILE

LAST_COMPILE
2026-08-15

Last

TIME_PERIOD FREQ Nobs
2026-06 M 46

FREQ

Code
TGB |>
  group_by(FREQ) |>
  summarise(Nobs = n()) |>
  arrange(-Nobs) %>%
  {if (is_html_output()) print_table(.) else .}
FREQ Nobs
M 11540

TIME_PER_COLLECT

Code
TGB |>
  group_by(TIME_PER_COLLECT) |>
  summarise(Nobs = n()) |>
  arrange(-Nobs) %>%
  {if (is_html_output()) print_table(.) else .}
TIME_PER_COLLECT Nobs
A 6738
E 4802

TIME_PERIOD

Code
TGB |>
  group_by(TIME_PERIOD) |>
  summarise(Nobs = n()) |>
  arrange(desc(TIME_PERIOD)) |>
  print_table_conditional()

Target Balances

Table

Code
TGB |>
  filter(TIME_PER_COLLECT == "A",
         TIME_PERIOD %in% c("2019-02", "2020-06", "2020-10", max(TIME_PERIOD))) |>
  mutate(Ref_area = ifelse(REF_AREA == "4F", "Europe", Ref_area),
         OBS_VALUE = round(OBS_VALUE)) |>
  select(REF_AREA, Ref_area, TIME_PERIOD, OBS_VALUE) |>
  spread(TIME_PERIOD, OBS_VALUE) |>
  mutate(Change = `2020-10`-`2019-02`) |>
  mutate(Loc = gsub(" ", "-", str_to_lower(Ref_area)),
         Loc = paste0('<img src="../../icon/flag/vsmall/', Loc, '.png" alt="Flag">')) |>
  select(Loc, everything()) %>%
  {if (is_html_output()) datatable(., filter = 'top', rownames = F, escape = F) else .}

France, Germany, Italy, Greece

Tous

Code
TGB |>
  filter(REF_AREA %in% c("FR", "DE", "IT", "GR"),
         TIME_PER_COLLECT == "A") |>
  month_to_date() |>
  filter(!is.na(OBS_VALUE)) |>
  mutate(OBS_VALUE = OBS_VALUE/1000) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
  mutate(color = ifelse(REF_AREA == "U2", color2, color)) |>
  ggplot() + theme_minimal() +
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) + 
  add_flags(4) + scale_color_identity() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.35, 0.85),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = seq(-3000, 3000, 100),
                     labels = dollar_format(accuracy = 1, prefix = "", suffix = " Bn€")) +
  ylab("Target Balances") + xlab("")

2010

Code
TGB |>
  filter(REF_AREA %in% c("FR", "DE", "IT", "GR"),
         TIME_PER_COLLECT == "A") |>
  month_to_date() |>
  filter(date >= as.Date("2010-01-01")) |>
  filter(!is.na(OBS_VALUE)) |>
  mutate(OBS_VALUE = OBS_VALUE/1000) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
  mutate(color = ifelse(REF_AREA == "U2", color2, color)) |>
  ggplot() + theme_minimal() +
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) + 
  add_flags(4) + scale_color_identity() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.35, 0.85),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = seq(-3000, 3000, 100),
                     labels = dollar_format(accuracy = 1, prefix = "", suffix = " Bn€")) +
  ylab("Target Balances") + xlab("")

France, Germany, Italy, Greece, Spain,

Code
TGB |>
  filter(REF_AREA %in% c("FR", "DE", "IT", "GR", "ES"),
         TIME_PER_COLLECT == "A") |>
  month_to_date() |>
  filter(!is.na(OBS_VALUE)) |>
  mutate(OBS_VALUE = OBS_VALUE/1000) |>
  left_join(colors, by = c("Ref_area" = "country")) |>
  mutate(color = ifelse(REF_AREA == "U2", color2, color)) |>
  ggplot() + theme_minimal() +
  geom_line(aes(x = date, y = OBS_VALUE, color = color)) + 
  add_flags(5) + scale_color_identity() +
  scale_x_date(breaks = seq(1920, 2100, 2) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.35, 0.85),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = seq(-3000, 3000, 100),
                     labels = dollar_format(accuracy = 1, prefix = "", suffix = " Bn€")) +
  ylab("Target Balances") + xlab("")