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  • Speech
    Moving Economic and Monetary Union forward

    Europe succeeds when it focuses on common challenges, recognises interdependence and responds with appropriate institutions, says President Mario Draghi in Berlin.

21 September 2018ACCOUNTABILITY

Hearing at European Parliament on 24 September

Mario Draghi, President of the ECB, speaks before the European Parliament’s Committee on Economic and Monetary Affairs and answers questions from its Members.

Follow the live webcast from 15:00 CET.

21 September 2018RESEARCH

The macroeconomic impact of ECB announcements

The latest Research Bulletin looks at the macroeconomic impact of news about monetary policy and the economy in ECB announcements. It finds that controlling for news about the economic outlook enables monetary policy transmission to be measured more accurately.

20/09/2018
Peter Praet: Challenges to monetary policy normalisation
Speech by Peter Praet, Member of the Executive Board of the ECB, at the SUERF conference “Sustainable Policy Responses: EU and US Perspectives”, New York, 20 September 2018
19/09/2018
Mario Draghi: Economic and Monetary Union: past and present
Speech by Mario Draghi, President of the ECB, at the Europa-Konferenz at Hertie School of Governance organised by the Jacques Delors Institute, Berlin, 19 September 2018
18/09/2018
Mario Draghi: The Benefits of European Supervision
Speech by Mario Draghi, President of the ECB, at the ACPR Conference on Financial Supervision, Paris, 18 September 2018
17/09/2018
Peter Praet: Economic developments in the euro area
Presentation by Peter Praet, Member of the Executive Board of the ECB, to the Société Royale d’Economie Politique, Brussels, 17 September 2018
17/09/2018
Benoît Cœuré: Forward guidance and policy normalisation
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Deutsches Institut für Wirtschaftsforschung, 17 September 2018

All speeches

05/09/2018
Benoît Cœuré: Interview with Kathimerini
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Eirini Chrysolora and published on 5 September 2018
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05/08/2018
Sabine Lautenschläger: Interview with Welt am Sonntag
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Anja Ettel and Anne Kunz on 30 July 2018 and published on 5 August 2018
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09/07/2018
Benoît Cœuré: Interview with Bloomberg TV
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Caroline Connan and broadcast on 9 July 2018
25/06/2018
Benoît Cœuré: Interview with Le Figaro
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Fabrice Nodé-Langlois and published on 25 June 2018
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23/06/2018
Peter Praet: Interview with Expresso
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by João Silvestre on 18 June 2018 and published on 23 June 2018
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All interviews

21/09/2018
Research bulletin no. 50: The macroeconomic impact of news about policy and news about the economy in ECB announcements
17/09/2018
Eurosystem report on the gap assessment of card payment schemes against the “Oversight framework for card payment schemes – standards”
17/09/2018
ESS – ESCB quality assessment report on statistics underlying the Macroeconomic Imbalance Procedure (annual report for 2017)
2017 annual report on the main characteristics and quality aspects of the statistics underlying the Macroeconomic Imbalance Procedure
14/09/2018
Letter from the ECB President to Mr Miguel Viegas, MEP, on high-denomination euro banknotes
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14/09/2018
Letter from the ECB President to Mr Joachim Starbatty and Ms Ulrike Trebesius, MEP, on TARGET2
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14/09/2018
Letter from the ECB President to Mr Jonás Fernández, MEP, on a central bank digital currency
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14/09/2018
Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the Greek economy
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14/09/2018
Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the Greek economy
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14/09/2018
Working paper no. 2175: ALICE: A new inflation monitoring tool
13/09/2018
ECB staff macroeconomic projections for the euro area, September 2018

All publications

14/09/2018
Recommendation of the ECB of 6 September 2018 to the Council of the European Union on the external auditors of Banco de España (ECB/2018/22)
11/09/2018
Opinion on amendments to the reform of popolari banks and cooperative banks (CON/2018/42)
Italy, 
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04/09/2018
Opinion on new rounding rules for payments denominated in euro (CON/2018/41)
Belgium, 
03/09/2018
Opinion on the transmission of administrative data for statistical purposes (CON/2018/40)
Germany, 
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31/08/2018
Opinion on critical infrastructures, cybersecurity and covered bonds (CON/2018/39)
Slovakia, 
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All legal acts

17 September 2018EVENT

Children’s event: open doors at the bank!

Registration now open: fans of the children’s show “Die Sendung mit der Maus” are invited to visit the ECB on 3 October as part of the show’s Germany-wide “open doors” event. Children and their families will take part in fun activities and learn about the euro, the ECB and the EU.

INSERTED BY ANOMYOUS PROXY

Civil war declaration

On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03.

EXPLAINER

How the ECB's policy has reduced inequality

The ECB’s monetary policy measures since 2014 have not only helped growth and eliminated the risk of deflation – they have also reduced overall inequality in the euro area, new research confirms. Take a look at our explainer video to find out how.

Interest rates

Marginal lending facility 0.25 %
Main refinancing operations (fixed rate) 0.00 %
Deposit facility − 0.40 %
Effective from 16 March 2016

Inflation rates

Full inflation chart
Inflation dashboard

Reference rates

USD US dollar 1.1759
JPY Japanese yen 132.44
GBP Pound sterling 0.89400
CHF Swiss franc 1.1228
Last update: Friday, 21 September 2018 Euro foreign exchange rates

Multimedia

  • 20 years of ESCB statistics: What's next?

  • 20th anniversary – Staff testimonials / First Day at the ECB

  • ECB Forum on Central Banking 2018

  • How are Executive Board members chosen?

  • Interview with Vítor Constâncio. ECB Vice-President (2011 – 2018)

  • Financial Stability Review - May 2018

  • Vítor Constâncio interview on the Financial Stability Review - May 2018

  • How does the euro help Europeans do business?

  • What is ethical hacking?

  • Generation €uro Students' Award 2018

  • Communications challenges for policy effectiveness, accountability and reputation

  • Meeting the #EuroVideoChallenge finalists at the award ceremony

  • What is TARGET Instant Payment Settlement (TIPS)?

  • #ECBYouthDialogue - Dublin, Ireland

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 2017

  • Interview Vítor Constâncio on Financial Stability Review

  • EU Open Days - May 2017

  • Generation €uro Students' Award 2017

  • The new €50 banknote is now in circulation

  • How quantitative easing works

  • 15 years of the euro

  • Inside the Asset Purchase Programme

  • ECB and the Eurosystem explained in 3 min.

  • Estonian Art Vernissage - 27 June 2018

  • ECB Forum on Central Banking - 18/20 June 2018

  • ECB Press Conference - 14 June 2018

  • EU Open Day - 5 May 2018

  • Joint Conference of the European Central Bank and the European Commission - 3 May 2018

  • ECB Press Conference - 26 April 2018

  • Generation €uro Students’ Award - 10 -11 April 2018

  • Luminale: Cross Hatch - 18 March 2018

  • ECB Press Conference - 8 March 2018

  • Central Bank Communications Conference - 14-15 November 2017

  • 2017 #EuroVideoChallenge Award Ceremony in Lyon - 9 November 2017

  • European Cultural Days - 26 October 2017

  • ECB Press Conference - 26 October 2017

  • Inauguration ECB Visitor Centre – 4 October 2017

  • Sendung mit der Maus - 3 October 2017

  • #ECBYouthDialogue, Dublin - 22 September 2017

  • Opening of the Cyprus Contemporary Art Exhibition - 20 September 2017

  • ECB Press Conference - 7 September 2017

  • ECB Press Conference - 20 July 2017

  • #ECBYouthDialogue - 26 June 2017, Lisbon, Portugal

  • ECB Forum on Central Banking - Sintra, Portugal, 26-28 June 2017

  • ECB Press Conference - 8 June 2017, Tallinn

  • EU Open Day in Brussels - 6 May 2017

  • ECB Open Day for women in technical fields - 04 May 2017

  • ECB Press Conference - 27 April 2017

  • The new €50 banknote - 4 April 2017

  • Generation Euro Students' Award - 4/5 April 2017

  • Europe's digital integrated market - 31 January 2017

  • 25 November 2016 UN Orange Day

  • 17 October 2016 Cultural Days Opening Concert

  • 3 October 2016 Türen Auf!

  • Unveiling of the new €50 banknote

  • Young Economists at ECB Forum on Central Banking

  • ECB Main Building

  • Luminale 2016 - ECB's illuminated buildings

  • The international role of the euro, June 2018 - cover image

    The international role of the euro, June 2018

  • Financial integration in Europe, May 2018 - cover image

    Financial integration in Europe, May 2018

  • ECB Legal Conference 2017 - Shaping a new legal order for Europe: a tale of crises and opportunities - cover image

    ECB Legal Conference 2017 - Shaping a new legal order for Europe: a tale of crises and opportunities

  • ECB Forum on Central Banking - Investment and growth in advanced economies - cover image

    ECB Forum on Central Banking - Investment and growth in advanced economies

  • Legal framework of the Eurosystem and the European System of Central Banks. ECB legal acts and instruments - cover image

    Legal framework of the Eurosystem and the European System of Central Banks. ECB legal acts and instruments

  • Statistics for Economic and Monetary Union. Enhancements and new directions, 2003-12, by Peter Bull - cover image

    Statistics for Economic and Monetary Union. Enhancements and new directions, 2003-12, by Peter Bull

  • The monetary policy of the ECB - cover image

    The monetary policy of the ECB

  • The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field - cover image

    The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field