• Speech
    Ensuring the recent rise in inflation is durable

    Financing conditions for consumers and firms have eased, thanks to the ECB’s support measures, and the economic recovery looks set to gather momentum, says Executive Board member Peter Praet. But these measures are still needed if the recent rise in inflation towards the objective of below, but close to, 2% is to be durable.

23 March 2017ECONOMIC BULLETIN

ECB publishes Economic Bulletin
Issue 2, 2017

The Economic Bulletin presents the economic and monetary information which forms the basis for the Governing Council’s policy decisions.

It is released eight times a year, two weeks after each monetary policy meeting.

24 March 2017INTERVIEW

EU market forms the basis for our prosperity

Consumer and business confidence is rising, despite political uncertainties, says Executive Board member Peter Praet in an interview with VDI Nachrichten. The ECB’s monetary policy has supported the recovery by making financing conditions for banks – and thus also for households and businesses – easier.

28/03/2017
ECB welcomes dialogue with NGOs on transparency
27/03/2017
Statistical press release: Monetary developments in the euro area
24/03/2017
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
March 2017
22/03/2017
Statistical press release: Euro area monthly balance of payments (January 2017)
10/03/2017
Statistical press release: Euro area securities issues statistics
09/03/2017
Monetary policy decisions
03/03/2017
Statistical press release: MFI interest rate statistics
28/02/2017
Statistical press release: New statistics on euro area insurance corporations and pension funds
17/02/2017
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
February 2017
16/02/2017
Account of the monetary policy meeting
of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 18-19 January 2017

All press releases

29/03/2017
Peter Praet:  Have unconventional policies overstretched central bank independence? Challenges for accountability and transparency in the wake of the crisis
Keynote address by Peter Praet, Member of the Executive Board of the ECB, at the “Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States”, Frankfurt am Main, 29 March 2017
28/03/2017
Benoît Cœuré:  Independence and accountability in a changing world
Introductory remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Transparency International EU Event “Two sides of the same coin? Independence and accountability of the European Central Bank”, Brussels, 28 March 2017
28/03/2017
Benoît Cœuré:  Setting standards for granular data
Opening remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Third OFR-ECB-Bank of England workshop on “Setting Global Standards for Granular Data: Sharing the Challenge”, Frankfurt am Main, 28 March 2017
27/03/2017
Peter Praet:  The economic situation in the euro area and the implications for monetary policy
Keynote speech by Peter Praet, Member of the Executive Board of the ECB, at the IE Business School Leadership Forum, Madrid, 27 March 2017
27/03/2017
Sabine Lautenschläger:  Digital na(t)ive? Fintechs and the future of banking
Statement by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an ECB Fintech Workshop, Frankfurt, 27 March 2017

All speeches

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
ENGLISH
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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
ENGLISH
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19/02/2017
Sabine Lautenschläger:  Interview with Deutschlandfunk
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Klemens Kindermann and published on 19 February 2017
ENGLISH
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07/02/2017
Benoît Cœuré:  Interview with Le Parisien
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Séverine Cazes and Boris Cassel, published on 7 February 2017
ENGLISH
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23/01/2017
Benoît Cœuré:  Interview with Radio Classique
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Nicolas Pierron on 23 January 2017
ENGLISH
OTHER LANGUAGES (1) +
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All interviews

29/03/2017
Working paper no. 2041: How does risk flow in the credit default swap market?, by Marco D'Errico, Stefano Battiston, et al.
29/03/2017
Working paper no. 2040: Fiscal spillovers in the euro area a model-based analysis, by Maria Grazia Attinasi, Magdalena Lalik, et al.
23/03/2017
Economic Bulletin Issue 2, 2017
23/03/2017
Conceptual issues surrounding the measurement of fiscal space (Economic Bulletin Issue 2, 2017)
23/03/2017
New euro area statistics on insurance corporations (Economic Bulletin Issue 2, 2017)

All publications

24/03/2017
Opinion on foreign exchange-linked loans (CON/2017/9)
Poland, 
ENGLISH
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21/03/2017
Opinion on limiting the obligation to receive cash payments (CON/2017/8)
Denmark, 
ENGLISH
OTHER LANGUAGES (1) +
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15/03/2017
Opinion on certain amendments to the deferred tax assets legal framework in Greece (CON/2017/7)
Greece, 
08/03/2017
Opinion on a proposal for a directive of the European Parliament and of the Council on amending Directive 2014/59/EU as regards the ranking of unsecured debt instruments in insolvency hierarchy (CON/2017/6)
01/03/2017
Opinion on provision of information and data by payment systems, payment schemes, securities depositories and clearing and settlement systems (CON/2017/5)
Poland, 
ENGLISH
OTHER LANGUAGES (1) +
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All legal acts

28 March 2017PRESS RELEASE

Committed to transparency

The ECB has taken numerous steps to further enhance transparency, as recognised in a report published by a non-governmental organisation. Good conduct and governance are essential for securing public trust and the ECB remains committed to open dialogue with all stakeholders.

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 1.0748
JPY Japanese yen 119.17
GBP Pound sterling 0.86385
CHF Swiss franc 1.0712
Last update: Wednesday, 29 March 2017 Euro foreign exchange rates

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