17 June 2016SPEECH

Structural reforms on the way to a complete EMU

Central banks cannot be indifferent when it comes to structural reforms, says Executive Board member Benoît Cœuré at an event in Berlin. Reforms are needed to create new jobs and to regain trust in economic and monetary union.

22 June 2016VISITS

Main building to open for guided tours

The ECB’s main building will be opened for guided tours on the first Saturday of every month, starting in July 2016. Visitors will get a chance to explore the office tower and the historical Grossmarkthalle, and also enjoy a breathtaking view of Frankfurt.

27/06/2016
Statistical press release: Monetary developments in the euro area
24/06/2016
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
June 2016
24/06/2016
ECB is closely monitoring financial markets
22/06/2016
ECB reinstates waiver affecting the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
ENGLISH
OTHER LANGUAGES (1) +
Select your language
22/06/2016
Statement by the European Commission and the European Central Bank following the fourth post-programme surveillance mission to Portugal
22/06/2016
European Central Bank opens its doors on Saturdays
17/06/2016
Statistical press release: Euro area monthly balance of payments (April 2016)
10/06/2016
Statistical press release: Euro area securities issues statistics
03/06/2016
Statistical press release: MFI interest rate statistics
31/05/2016
Statistical press release: Monetary developments in the euro area

All press releases

28/06/2016
Mario Draghi:  The International Dimension of Monetary Policy
Introductory speech by Mario Draghi, President of the ECB, at the ECB Forum on Central Banking, 
Sintra, 28 June 2016
23/06/2016
Yves Mersch:  Monetary policy in the euro area: scope, principles and limits
Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the Natixis Meeting of Chief Economists, 
Paris, 23 June 2016
21/06/2016
Mario Draghi:  Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement by Mario Draghi, President of the ECB, 
Brussels, 21 June 2016
21/06/2016
Vítor Constâncio:  Introductory remarks at the fifth ECB conference on accounting, financial reporting and corporate governance for central banks
Speech by Vítor Constâncio, Vice-President of the ECB, 
Frankfurt am Main, 21 June 2016
20/06/2016
Sabine Lautenschläger:  Sponsors dinner of the European Cultural Days
Dinner speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, on the occasion of a get-together of friends and supporters of the European Cultural Days organised in cooperation with Deutsche Bundesbank, Frankfurt am Main, 20 June 2016
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All speeches

09/06/2016
Benoît Cœuré:  Interview with France 24
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Stéphanie Antoine on 8 June 2016, and broadcast on 9 June 2016
ENGLISH
OTHER LANGUAGES (1) +
Select your language
23/05/2016
Peter Praet:  Interview with Público
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Sérgio Anibal, published on 23 May 2016.
19/05/2016
Benoît Cœuré:  Interview with The Yomiuri Shimbun
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Tadashi Isozumi and published on 20 May 2016, in Japan.
ENGLISH
OTHER LANGUAGES (1) +
Select your language
19/05/2016
Benoît Cœuré:  Interview with Risk Magazine
Interview with Benoît Cœuré, Member of the Executive Board of the ECB and Chairman of the Committee on Payments and Market Infrastructures (CPMI), 
conducted by Cécile Sourbes on 10 May and published on 19 May 2016
05/05/2016
Yves Mersch:  Bares bleibt Wahres
Gastbeitrag von Yves Mersch, Mitglied des Direktoriums der EZB, 
Spiegel Online, 5. Mai 2016

All interviews

27/06/2016
Occasional paper no. 174: Shadow banking in the euro area: risks and vulnerabilities in the investment fund sector, by Nicola Doyle, Lieven Hermans, et al.
27/06/2016
Working paper no. 1924: Pricing sovereign credit risk of an emerging market, by Gonzalo Camba-Méndez, Konrad Kostrzewa, et al.
17/06/2016
Working paper no. 1923: EAGLE-FLI. A macroeconomic model of banking and financial interdependence in the euro area, by Nikola Bokan, Andrea Gerali, et al.
16/06/2016
Eurosystem staff macroeconomic projections for the euro area countries, June 2016
16/06/2016
Economic Bulletin Issue 4, 2016

All publications

22/06/2016
Decision of the ECB of 22 June 2016 on the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic and repealing Decision (EU) 2015/300  (ECB/2016/18)
15/06/2016
Opinion on amendments to the Law on Hrvatska Narodna Banka (CON/2016/33)
Croatia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
14/06/2016
Decision ECB/2007/7. Unofficial consolidated text produced by the Publications Office of the European Union
13/06/2016
Opinion on the reduction of statutory remuneration for employees in the public and semi-public sector (CON/2016/32)
The Netherlands, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
08/06/2016
Opinion on consumer credit (CON/2016/31)
Slovenia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All legal acts

17 June 2016ACCOUNTABILITY

Hearing at European Parliament on 21 June

Mario Draghi, President of the ECB, speaks before the European Parliament’s Committee on Economic and Monetary Affairs and answers questions from its Members.

The quarterly hearing starts at 15:00 CET.

EXPLAINERS

What is TLTRO-II?

The second series of targeted longer-term refinancing operations is one of the ECB’s non-standard monetary policy tools. How do the new TLTROs help consumers, businesses and the economy, and what distinguishes them from usual refinancing operations?

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 icon arrow up 1.0998
JPY Japanese yen icon arrow up 111.80
GBP Pound sterling icon arrow up 0.83400
CHF Swiss franc icon arrow up 1.0736
Last update: Monday, 27 June 2016 Euro foreign exchange rates

Multimedia

  • Inside the Asset Purchase Programme

  • Vítor Constâncio interview on May 2016 Financial Stability Review

  • ECB President Mario Draghi explains TLTRO II

  • Discover the new €20 banknote

  • Living in Frankfurt. Working for the ECB.

  • Collateral management - the role of the Eurosystem

  • TARGET balances in 8 minutes

  • ECB and the Eurosystem explained in 3 min

  • Financial Integration in Europe - cover image

    Financial Integration in Europe

  • ECB statistics: a brief overview - cover image

    ECB statistics: a brief overview

  • Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI - cover image

    Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI

  • 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

  • The international role of the euro, July 2015 - cover image

    The international role of the euro, July 2015

  • 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