• Speech
    Europe's renewed sense of purpose

    Only by working together can the nations of Europe overcome today’s challenges, says ECB President Mario Draghi as he receives an Honorary Doctorate from Tel Aviv University. The majority of EU citizens have always supported the EU and the euro, and now this majority has regained its voice.

19 May 2017SPEECH

Finding synergies in financial integration

Banking union and capital markets union are two mutually reinforcing initiatives that can bring the Single Market for financial services to the next level, says Vice-President Vítor Constâncio. They will be the two main catalysts for EU financial integration in the years to come.

18 May 2017ACCOUNT

Account of monetary policy meeting published

The Governing Council confirmed the pace and horizon of its asset purchases, the account of its April monetary policy meeting shows. Members widely shared the view that while the euro area recovery was becoming increasingly solid, underlying inflation pressures remained subdued.

19/05/2017
Vítor Constâncio: Synergies between banking union and capital markets union
Keynote speech by Vítor Constâncio, Vice-President of the ECB, at the joint conference of the European Commission and European Central Bank on European Financial Integration, Brussels, 19 May 2017
19/05/2017
Benoît Cœuré: Scars or scratches? Hysteresis in the euro area
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the International Center for Monetary and Banking Studies, Geneva, 19 May 2017
18/05/2017
Mario Draghi: Response by Mario Draghi, President of the ECB, on the receipt of an Honorary Doctorate from Tel Aviv University
Speech by Mario Draghi, President of the ECB, Tel Aviv, 18 May 2017
18/05/2017
Sabine Lautenschläger: European banking supervision, global cooperation and challenges for banks
Presentation by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Board Meeting of the International Banking Federation, Berlin, 18 May 2017
18/05/2017
Yves Mersch: Advancing financial market integration
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Government Borrowers Forum organised by the World Bank, Luxembourg, 18 May 2017

All speeches

18/05/2017
Benoît Cœuré: Interview with Reuters
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Balasz Koranyi and Francesco Canepa, on 17 May 2017, published on 18 May 2017
11/05/2017
Peter Praet: Interview with Peter Praet for Trends/Tendances
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Daan Killemaes and Jasper Vekeman on 4 May 2017 and published on 11 May 2017
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03/04/2017
Peter Praet: Interview with Expansión
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Andres Stumpf Guirao on 27 March 2017 and published on 3 April 2017
ENGLISH
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24/03/2017
Peter Praet: Interview with VDI Nachrichten
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Sabine Seeger and published on 24 March 2017
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24/03/2017
Peter Praet: Interview with Il Sole 24 Ore
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Alessandro Merli on 22 March and published on 24 March 2017
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All interviews

18/05/2017
Opinion on the financial independence of Sveriges Riksbank (CON/2017/17)
Sweden, 
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12/05/2017
Opinion on judicial relief granted to holders of qualified bank credit (CON/2017/16)
Slovenia, 
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28/04/2017
Decision of the ECB of 24 April 2017 on the total amount of annual supervisory fees for 2017 (ECB/2017/11)
24/04/2017
Opinion on the Payment Services, Services of Issuing Electronic Money and Payment Systems Act (CON/2017/15)
Slovenia, 
ENGLISH
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20/04/2017
Opinion on additional macroprudential tools (CON/2017/14)
Sweden, 
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All legal acts

22 May 2017FINANCIAL STABILITY

Decoupling policy uncertainty from financial conditions

This special feature of the upcoming Financial Stability Review assesses the decoupling of economic policy uncertainty and financial conditions in the context of the recent US elections and the UK referendum, and looks at what is behind this trend.

EXPLAINER

Why are stable prices important?

The ECB’s primary objective is to keep prices stable. This means inflation rates should be “below, but close to, 2% over the medium term”. Why not 4%? Or 0%? And what’s wrong with prices going down anyway? Find out here.

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 1.1243
JPY Japanese yen 125.18
GBP Pound sterling 0.86353
CHF Swiss franc 1.0911
Last update: Monday, 22 May 2017 Euro foreign exchange rates

Multimedia

  • EU Open Days - May 2017

  • ECB Press Conference - 27 April 2017

  • Generation €uro Students' Award 2017

  • The new €50 banknote is now in circulation

  • Journey of the new €50

  • Young Innovators share their views at the ECB

  • How quantitative easing works

  • 15 years of the euro

  • The new €50 banknote

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB and the Eurosystem explained in 3 min.

  • 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