• Publication
    ECB publishes study on how Europeans pay

    The ECB has published the results of a comprehensive survey on the use of cash and other payment methods in the euro area. Europeans use cash for 79% of their payments, for example in shops and restaurants, the study shows.

23 November 2017ACCOUNT

Account of monetary policy meeting published

The Governing Council decided to recalibrate its asset purchase programme at its October monetary policy meeting. The monthly pace of asset purchases will be €30 billion from January 2018 until the end of September 2018, or beyond, if necessary.

24 November 2017EVENT

Join the #TIPSapp Challenge by 1 December!

Could you design an app that makes instant payments available to everyone across Europe? Express your interest by 1 December and you could be invited to the ECB to present your prototype.

24/11/2017
Vítor Constâncio: Ricardo Reis’ contribution to Macroeconomics
Speech by Vítor Constâncio, Vice-President of the ECB, at the ceremony marking the award of the 2016 Germán Bernácer Prize for Promoting Economic Research in Europe to Ricardo Reis, Madrid, 24 November 2017
24/11/2017
Benoît Cœuré: Policy analysis with big data
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the conference on “Economic and Financial Regulation in the Era of Big Data”, organised by the Banque de France, Paris, 24 November 2017
23/11/2017
Benoît Cœuré: Les décisions de la BCE depuis la crise: un tour d’horizon (fiches de présentation)
Présentation de Benoît Cœuré, membre du directoire de la BCE, Conservatoire national des arts et métiers (CNAM), Paris le 23 novembre 2017
23/11/2017
Peter Praet: Investment and investment finance in Europe: a policy perspective
Presentation by Peter Praet, Member of the Executive Board of the ECB, at the Annual Economics Conference “Investment and Investment Finance”, Luxembourg, 23 November 2017
20/11/2017
Mario Draghi: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 20 November 2017

All speeches

21/11/2017
Benoît Cœuré: Interview with Handelsblatt
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe on 15 November and published on 21 November 2017
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09/11/2017
Benoît Cœuré: Interview with France Info TV
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jean-Paul Chapel on 9 November 2017
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29/10/2017
Benoît Cœuré: Interview with Le Journal du Dimanche
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Bruna Basini on 27 October and published on 29 October 2017
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28/09/2017
Peter Praet: Interview with Les Echos
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Isabelle Couet and Catherine Chatignoux on 25 September and published on 29 September 2017
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20/09/2017
Vítor Constâncio: Interview with Euronews
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Efthymia Koutsokosta on 15 September and published on 20 September

All interviews

24/11/2017
Decision of the ECB of 20 November 2017 amending Decision ECB/2014/40 on the implementation of the third covered bond purchase programme (ECB/2017/37)
16/11/2017
Regulation (EU) 2017/2094 of the ECB of 3 November 2017 amending Regulation (EU) No 795/2014 on oversight requirements for systemically important payment systems (ECB/2017/32)
10/11/2017
Opinion on revisions to the Union crisis management framework (CON/2017/47)
10/11/2017
Opinion on amendments to the Union framework for capital requirements of credit institutions and investment firms (CON/2017/46)
09/11/2017
Opinion on support to home loan borrowers in a difficult financial situation and support for the voluntary restructuring of home loans denominated or indexed in a foreign currency (CON/2017/48)
Poland, 
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All legal acts

17 November 2017SPEECH

Monetary policy and the outlook for the economy

The economic recovery is continuing but inflation developments remain subdued, says ECB President Mario Draghi. So, while we are confident in the recovery, we still need a patient and persistent approach to our monetary policy to ensure that price stability is achieved in the medium term.

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 1.1877
JPY Japanese yen 132.24
GBP Pound sterling 0.89120
CHF Swiss franc 1.1650
Last update: Friday, 24 November 2017 Euro foreign exchange rates

Multimedia

  • 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.

  • 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

  • Financial integration in Europe - cover image

    Financial integration in Europe

  • ESCB Legal Conference 2016 - cover image

    ESCB Legal Conference 2016

  • The international role of the euro, June 2016 - cover image

    The international role of the euro, June 2016

  • Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture - cover image

    Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture

  • 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