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European Central Bank Publishes Decision (EU) 2026/812 Regarding Remuneration of Holdings of Excess Reserves and of Certain Deposits

On April 10, 2026, the European Central Bank (ECB) published Decision (EU) 2026/812 amending Decision (EU) 2019/1743 on the remuneration of holdings of excess reserves and of certain deposits in the Official Journal of the European Union. As the ECB explained, on December 11, 2025, the Governing Council decided to simplify the remuneration of excess reserves under Article 1(1) of Decision (EU) 2019/1743 of the European Central Bank. In accordance with that decision, this decision provides that such excess reserves should be remunerated at the deposit facility rate not only when this rate is negative, but also when it is 0 percent or positive. The decision enters into force on April 15, 2026, five days after its publication in the Official Journal of the European Union. It applies on June 17, 2026.