• Speech
    Connecting research and policymaking

    The ultimate value of economics is that it helps us to improve social well-being. Analysis conducted by researchers and embraced by policymakers is essential in designing policy responses to economic shocks, says Mario Draghi at a gathering of Nobel Prize-winning economists in Lindau, Germany.

23 August 2017CONFERENCE

Investment and growth in advanced economies

Vice-President Vítor Constâncio summarises the discussions held at the recent ECB Forum on Central Banking in a contribution for VoxEU. Topics include the impact of technical progress on job creation and the sources of weak productivity and investment.

22 August 2017EVENT

ECB celebrates Spanish culture in Frankfurt

The ECB and Banco de España will showcase Spain’s inspiring culture this year with a series of concerts and art events. The season begins on 24 August with the Frankfurt Radio Symphony performing famous Spanish rhapsodies.

23/08/2017
Mario Draghi: The interdependence of research and policymaking
Speech by Mario Draghi, President of the ECB, at the Lindau Nobel Laureate Meeting, Lindau, Germany, 23 August 2017
22/08/2017
Vítor Constâncio: Inequality and macroeconomic policies
Intervention by Vítor Constâncio, Vice-President of the ECB, at the Annual Congress of the European Economic Association Lisbon, 22 August 2017
26/07/2017
Sabine Lautenschläger: Sabine Lautenschläger: 100 years of women’s suffrage – gender equality, freedom and democracy
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an event marking the run-up to the centenary of women’s suffrage in Berlin, 26 July 2017
ENGLISH
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25/07/2017
Yves Mersch: The ECB’s monetary policy stance
Speech by Yves Mersch, Member of the Executive Board of the ECB, MNI connect event, Singapore, 25 July 2017
24/07/2017
Yves Mersch: Central banking in times of technological progress
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Bank Negara Malaysia Monetary Policy Conference, Kuala Lumpur, 24 July 2017

All speeches

23/08/2017
Vítor Constâncio: Investment and Growth in Advanced Economies: Selected Takeaways from the ECB’s Sintra Forum
Contribution of Vítor Constâncio, Philipp Hartmann and Peter McAdam for VoxEU
29/07/2017
Sabine Lautenschläger: Interview with Mannheimer Morgen
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Rolf Obertreis on 25 July and published on 29 July 2017
ENGLISH
OTHER LANGUAGES (1) +
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08/07/2017
Peter Praet: Interview with De Standaard
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Pascal Dendooven and Goele De Cort on 3 July 2017, published on 8 July 2017
ENGLISH
OTHER LANGUAGES (1) +
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07/07/2017
Benoît Cœuré: Interview with Le Monde and La Stampa
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Marie Charrel (Le Monde) and Alessandro Barbera (La Stampa), on 3 July, published on 7 July 2017
ENGLISH
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05/07/2017
Vítor Constâncio: We need a coordinated European NPL strategy - How to deal with Europe’s market for lemons?
Opinion piece by Vítor Constâncio, Vice-President of the ECB, 5 July 2017

All interviews

21/08/2017
Opinion on the reporting of credit data (CON/2017/33)
Austria, 
ENGLISH
OTHER LANGUAGES (1) +
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21/08/2017
Opinion on the designation of the Central Bank of Cyprus as the information authority and inclusion of relevant exception to bank secrecy requirement (CON/2017/32)
Cyprus, 
ENGLISH
OTHER LANGUAGES (1) +
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14/08/2017
Opinion on an Act on critical infrastructure (CON/2017/31)
Slovenia, 
ENGLISH
OTHER LANGUAGES (1) +
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04/08/2017
Opinion on a draft decision on the monetary policy implementation of Hrvatska narodna banka (CON/2017/30)
Croatia, 
ENGLISH
OTHER LANGUAGES (1) +
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04/08/2017
Opinion on an additional mortgage amortisation requirement  (CON/2017/29)
Sweden, 
ENGLISH
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All legal acts

10 August 2017STATISTICS

Q&As on AnaCredit published

AnaCredit is a project to set up a dataset containing detailed information on individual bank loans in the euro area. Data collection is scheduled to start in 2018 and a manual is available on our website to help institutions providing data. This has now been complemented by Q&As.

EXPLAINER

Why does the ECB conduct research?

High-quality research at central banks is more valuable than ever. Find out why we conduct research, how it supports monetary policy and how we decide on research topics.

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 1.1799
JPY Japanese yen 128.71
GBP Pound sterling 0.92133
CHF Swiss franc 1.1392
Last update: Wednesday, 23 August 2017 Euro foreign exchange rates

Multimedia

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 2017

  • Breaking internal barriers for women | Celia de Anca - 12 June 2017

  • Why we need more diversity to solve complex problems | Scott Page - 12 June 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

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB and the Eurosystem explained in 3 min.

  • 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