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The allocation of monetary policy income within the Eurosystem
31st of October 2025
Bulletin No. 260, article 6. The central banks of the euro area ensure the decentralised implementation of a single, collectively-defined monetary policy. While their monetary income follows a common trend, it also varies in line with factors specific to each jurisdiction. Most of this income is pooled then reallocated among national central banks (NCBs) in accordance with a legally-defined framework.
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The allocation of monetary policy income within the Eurosystem
19th of January 2026
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