# Eurosystem excess liquidity | PIER20 benchmarks

How much excess liquidity is in the euro money market?

Eurosystem excess liquidity tracks ECB published excess liquidity. It uses daily data.

The latest data is from **10 Aug 2026**. The Excess liquidity reading is **2152.44 EUR bn**. The Distance from historical high reading is **-848.14 EUR bn**. The Excess liquidity line is down 19.1% over the past year. It is below its long-run median of 2634.27 EUR bn.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Excess liquidity | 2984.05 | 2152.44 | 2116.79 | 3000.58 |
| Distance from historical high | 0.00 | -848.14 | -883.79 | 0.00 |

## Last 24 readings

| Date | Excess liquidity | Distance from historical high |
|---|---|---|
| Jul 2026 | 2166.33 | -834.25 |
| Jul 2026 | 2166.33 | -834.25 |
| Jul 2026 | 2159.85 | -840.73 |
| Jul 2026 | 2148.16 | -852.42 |
| Jul 2026 | 2130.28 | -870.30 |
| Jul 2026 | 2157.43 | -843.14 |
| Jul 2026 | 2150.47 | -850.11 |
| Jul 2026 | 2150.47 | -850.11 |
| Jul 2026 | 2150.47 | -850.11 |
| Jul 2026 | 2151.45 | -849.13 |
| Jul 2026 | 2149.44 | -851.14 |
| Jul 2026 | 2140.60 | -859.98 |
| Jul 2026 | 2152.16 | -848.42 |
| Jul 2026 | 2148.25 | -852.33 |
| Aug 2026 | 2148.25 | -852.33 |
| Aug 2026 | 2148.25 | -852.33 |
| Aug 2026 | 2148.06 | -852.52 |
| Aug 2026 | 2146.32 | -854.26 |
| Aug 2026 | 2116.79 | -883.79 |
| Aug 2026 | 2147.40 | -853.18 |
| Aug 2026 | 2152.61 | -847.97 |
| Aug 2026 | 2152.61 | -847.97 |
| Aug 2026 | 2152.61 | -847.97 |
| Aug 2026 | 2152.44 | -848.14 |

## How to read this benchmark

**How to read it.** Excess liquidity measures the money-market cash surplus that the ECB reports. The distance measure compares it with its past high.

## How this benchmark is used

**Why traders watch it.** Money-market traders use this benchmark to track changes in euro liquidity.

## Frequently asked questions

**What is the latest reading for Eurosystem excess liquidity?**

The latest data is from 10 Aug 2026. The Excess liquidity reading is 2152.44 EUR bn. The Distance from historical high reading is -848.14 EUR bn. The Excess liquidity line is down 19.1% over the past year. It is below its long-run median of 2634.27 EUR bn.

**How often does this benchmark update?**

The source publishes daily data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

**What data sources does this chart use?**

The European Central Bank Data Portal publishes the data. The methodology section lists each source series.

**Where does the data come from?**

The European Central Bank (ECB) publishes the source data. The source table lists each series and its exact link.

## Methodology

- Formula: ECB published excess liquidity
- Frequency: Daily
- Sources: Excess liquidity (excess-liquidity) https://data-api.ecb.europa.eu/service/data/ILM/D.U2.C.EXLIQ.U2.EUR; Distance from historical high (excess-liquidity-distance-high) https://data-api.ecb.europa.eu/service/data/ILM/D.U2.C.EXLIQ.U2.EUR. Data via the European Central Bank Data Portal.
- Data through: 10 Aug 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/eurosystem-excess-liquidity
Disclaimer: research software output, not investment advice.