• Speech
    Strengthening Economic and Monetary Union

    Sound economic policies are necessary alongside price stability to ensure sustained and balanced growth in Europe, says Executive Board member Peter Praet. We need to keep economic policy high on Europe’s agenda and further enhance the coordination of national economic policies.

15 March 2018PUBLIC CONSULTATION

Second consultation on new overnight interest rate

This second public consultation gives interested parties the opportunity to comment on the defined methodology of the new euro unsecured overnight interest rate, as well as on key operational and technical parameters.

The consultation closes at 17:00 CET on 20 April 2018.

13 April 2018RESEARCH

Research on gradual interest rate adjustments

The latest Research Bulletin article explores how adjusting interest rates gradually can help counter the consequences of the effective lower bound. The article argues that this gradual approach may be desirable as it causes a transitory increase in future output and inflation.

16/04/2018
Peter Praet: Improving the functioning of Economic and Monetary Union: lessons and challenges for economic policies
Speech by Peter Praet, Member of the Executive Board of the ECB, at the NABE Symposium, 16 April 2018
12/04/2018
Benoît Cœuré: Scars that never were? Potential output and slack after the crisis
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the CEPII 40th Anniversary Conference, Paris, 12 April 2018
11/04/2018
Mario Draghi: Generation €uro Students’ Award 2018 event
Introductory remarks and Q&A with Mario Draghi, President of the ECB, Frankfurt, 11 April 2018
09/04/2018
Peter Praet: Economic developments in the euro area
Speech by Peter Praet[1], Member of the Executive Board of the ECB, at the European Finance Forum, Frankfurt, 9 April 2018
09/04/2018
Vítor Constâncio: Presentation of the ECB Annual Report 2017 to the Committee on Economic and Monetary Affairs of the European Parliament
Introductory remarks by Vítor Constâncio, Vice-President of the ECB, Brussels, 9 April 2018

All speeches

10/04/2018
Benoît Cœuré: Interview with France Info
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jean Leymarie on 9 April 2018 and published on 10 April 2018
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06/04/2018
Benoît Cœuré: Interview with CNBC
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Steve Sedgwick on 6 April 2018
28/03/2018
Benoît Cœuré: Taking back control of globalisation: Sovereignty through European integration
Contribution of Benoît Cœuré, member of the Executive Board of the European Central Bank, to the 2018 Schuman Report on Europe, 28 March 2018
ENGLISH
OTHER LANGUAGES (4) +
16/03/2018
Peter Praet: Interview with Reuters
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Balazs Koranyi on 14 March 2018 and published on 16 March 2018
14/03/2018
Yves Mersch: Interview with Luxemburger Wort
Interview with Yves Mersch, Member of the Executive Board of the ECB, conducted by Pierre Sorlut and Barbara Tasch on 8 March and published on 14 March 2018
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All interviews

16/04/2018
Opinion on the conversion of Swiss franc loans (CON/2018/21)
Slovenia, 
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11/04/2018
Opinion on a proposal for a regulation on the establishment of the European Monetary Fund (CON/2018/20)
11/04/2018
Opinion on a proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority) and related legal acts  (CON/2018/19)
09/04/2018
Opinion on the legal framework for covered bonds (CON/2018/18)
Czech Republic, 
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06/04/2018
Opinion on amendments to the Law on Hrvatska Narodna Banka and to the Law on the State Audit Office (CON/2018/17)
Croatia, 
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All legal acts

9 April 2018EDUCATIONAL

President Draghi meets #GenerationEuro

Winners of the Generation €uro Students’ Award (G€SA), representing 11 euro area countries, visited the ECB on 10 and 11 April. They had a tour of the building, attended presentations from experts and had an opportunity to ask President Mario Draghi their questions.

EXPLAINER

What is a deposit guarantee scheme?

Banks pay into a deposit guarantee scheme to make sure their customers’ deposits are safe even in times of crisis. So far, such schemes are organised on a national level. There are proposals to introduce a European scheme. Find out how these schemes work.

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 1.2382
JPY Japanese yen 132.88
GBP Pound sterling 0.86975
CHF Swiss franc 1.1976
Last update: Thursday, 19 April 2018 Euro foreign exchange rates

Multimedia

  • 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.

  • 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

  • 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