17 January 2017PRESS RELEASE

ECB measures continue to support bank lending

Demand continues to increase for all loan categories, according to the January bank lending survey, while borrowing conditions for businesses are broadly stabilising. The Eurosystem’s targeted longer-term refinancing operations continue to support bank lending, the survey shows.

16 January 2017SPEECH

Assessing the potential of Digital Base Money

Should central banks provide Digital Base Money (DBM) to non-banks? What would this look like? The starting point is a careful analysis of the potential formats of DBM, says Executive Board member Yves Mersch, underlining the importance of safety, efficiency, technological neutrality and freedom of choice for users.

19/01/2017
ECB provides further details on APP purchases of assets with yields below the deposit facility rate
19/01/2017
Monetary policy decisions
19/01/2017
ECB appoints Frank Smets as Director General Economics
19/01/2017
Statistical press release: Euro area monthly balance of payments (November 2016)
17/01/2017
Results of the January 2017 euro area bank lending survey
13/01/2017
Statistical press release: Euro area households and non-financial corporations: 3rd Quarter 2016
13/01/2017
Statistical press release: Euro area quarterly balance of payments and
international investment position 
(third quarter of 2016)
12/01/2017
Account of the monetary policy meeting
of the Governing Council of the European Central Bank, 
held in Frankfurt am Main on Wednesday and Thursday, 7-8 December 2016
11/01/2017
Statistical press release: Euro area securities issues statistics
04/01/2017
Statistical press release: MFI interest rate statistics

All press releases

19/01/2017
Mario Draghi:  Introductory statement to the press conference
Mario Draghi, President of the ECB, 
Vítor Constâncio, Vice-President of the ECB, 
Frankfurt am Main, 19 January 2017
16/01/2017
Yves Mersch:  Digital Base Money: an assessment from the ECB’s perspective
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
at the Farewell ceremony for Pentti Hakkarainen, Deputy Governor of Suomen Pankki – Finlands Bank, 
Helsinki, 16 January 2017
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06/01/2017
Yves Mersch:  2017 – a decisive year for innovative retail payment services
Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, 
at the French Payments Committee conference on “Technological innovations in payments and beyond”, Banque de France, Paris, 6 January 2017
ENGLISH
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31/12/2016
Benoît Cœuré:  Interview with Börsen-Zeitung
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Mark Schrörs and Detlef Fechtner on 20 December and published on 31 December 2016
ENGLISH
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20/12/2016
Peter Praet:  Interview with the Telegraaf
Interview with Peter Praet, Member of the Executive Board of the ECB, 
Conducted by: Martin Visser and Dorinde Meuzelaar on 12 December, published on 20 December 2016
ENGLISH
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16/12/2016
Vítor Constâncio:  Stijn van Nieuwerburgh’s contribution to macroeconomics and finance
Speech by Vítor Constâncio, Vice-President of the ECB, at the ceremony marking the award of the Germán Bernácer Prize for Promoting Economic Research in Europe to Stijn van Nieuwerburgh, Madrid, 16 December 2016
14/12/2016
Peter Praet:  Interview with Die Zeit
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Lisa Nienhaus and Mark Schieritz on 12 December and published on 14 December 2016
ENGLISH
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13/12/2016
Vítor Constâncio:  Interview with Bankfokus
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Pär Krause and published on 13 December 2016
ENGLISH
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12/12/2016
Benoît Cœuré:  Q&A on Twitter
Interview on Twitter with Benoît Cœuré, Member of the Executive Board of the ECB, conducted and published on 12 December 2016
09/12/2016
Benoît Cœuré:  Interview with Europe 1
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jean-Pierre Elkabbach on 9 December
ENGLISH
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08/12/2016
Mario Draghi:  Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, 
Vítor Constâncio, Vice-President of the ECB
Frankfurt am Main, 8 December 2016
06/12/2016
Yves Mersch:  Distributed Ledger Technology: role and relevance of the ECB
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
22nd Handelsblatt Annual Conference Banken-Technologie, 6 December 2016
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30/11/2016
Mario Draghi:  The productivity challenge for Europe
Lectio magistralis by Mario Draghi, President of the ECB, marking the 100th anniversary of the Deusto Business School, 
Madrid, 30 November 2016
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30/11/2016
Mario Draghi:  Interview with El País
Interview with Mario Draghi, President of the ECB, 
conducted by Xavier Vidal-Folch and Claudi Pérez on 23 November and published on 30 November 2016
ENGLISH
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28/11/2016
Mario Draghi:  Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement of Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 28 November 2016
28/11/2016
Benoît Cœuré:  Greece: progress achieved and challenges ahead
Keynote speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the American-Hellenic Chamber of Commerce conference on “Greece and the global disruptive environment: A look into the future”, 
Athens, 28 November 2016
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26/11/2016
Benoît Cœuré:  Interview with Efimerida ton Syntakton
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Vasilis Georgas on 26 November 2016
ENGLISH
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24/11/2016
Peter Praet:  The importance of a genuine banking union for monetary policy
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at the EMU Forum 2016, Oesterreichische Nationalbank, Vienna, 24 November 2016
21/11/2016
Mario Draghi:  Introductory statement to the plenary debate of the European Parliament on the ECB’s Annual Report 2015
Mario Draghi, President of the ECB, 
Strasbourg, 21 November 2016
21/11/2016
Benoît Cœuré:  Addressing Europe's economic and political challenges
Introductory remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at TUM Speakers Series/HEC Débats organised by the Technical University of Munich, Munich, 21 November 2016
18/11/2016
Mario Draghi:  The state and prospects of the euro area recovery
Speech by Mario Draghi, President of the ECB, at the European Banking Congress, Frankfurt, 18 November 2016
ENGLISH
OTHER LANGUAGES (5) +
18/11/2016
Peter Praet:  The euro area economy, monetary policy and structural reforms
Remarks by Peter Praet, Member of the Executive Board of the ECB, 
at the Observatory Group roundtable in New York, 18 November 2016
17/11/2016
Peter Praet:  The future of global financial integration
Remarks by Peter Praet, Member of the Executive Board of the ECB, 
Global Research Forum on International Macroeconomics and Finance, Federal Reserve Bank of New York, 17 November 2016
17/11/2016
Yves Mersch:  The causes of monetary policy measures and their impact – a review
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
at the Euro Finance Week, FAROS Institutional Investors Forum, 
Frankfurt, 17 November 2016
ENGLISH
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15/11/2016
Sabine Lautenschläger:  The European banking sector – a quick pulse check
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at a Euro Finance Week Conference, 
Frankfurt am Main, 15 November 2016
14/11/2016
Peter Praet:  Long-run saving and monetary policy
Speech by Peter Praet, Member of the Executive Board of the ECB, 
Parliamentary evening on “Challenges for long term savings products in the context of the zero-interest rate policy”, Brussels, 14 November 2016
14/11/2016
Mario Draghi:  Ciampi a via XX Settembre
Discorso di Mario Draghi, Presidente della BCE, in occasione della giornata in memoria di Carlo Azeglio Ciampi, Roma, 14 novembre 2016
14/11/2016
Vítor Constâncio:  Euro Area: Economic Outlook and Financial Sector Challenges
Speech by Vítor Constâncio, Vice-President of the ECB, 
at the 19th Euro Finance Week: Opening conference, 
Frankfurt am Main, 14 November 2016
11/11/2016
Benoît Cœuré:  Interview with Le Progrès de Lyon and EBRA newspaper group
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Frank Viart of Le Progrès de Lyon and published by EBRA newspaper group (L’Alsace, Les Dernières Nouvelles d’Alsace, Le Républicain Lorrain, L’Est Républicain, Vosges Matin, Le Bien Public, Le Journal de Saône-et-Loire, Le Progrès de Lyon, Le Dauphiné Libéré and Vaucluse Matin) on 11 November 2016
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10/11/2016
Yves Mersch:  Comments by Yves Mersch at Financial Services summit
Comments by Yves Mersch, Member of the Executive Board of the ECB, Cumberland Lodge Financial Services Summit, 10 November 2016
09/11/2016
Peter Praet:  Monetary policy and the euro area banking system
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at ECMI Annual Conference, Brussels, 9 November 2016
08/11/2016
Benoît Cœuré:  Low interest rates are not inevitable
Opinion piece by Benoît Cœuré, Member of the Executive Board of the ECB, 
Les Echos, 9 November 2016
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07/11/2016
Sabine Lautenschläger:  Two years and three days of European banking supervision – what has changed?
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Banking and Corporate Evening of the Deutsche Bundesbank’s Regional Office in Bavaria, 
Munich, 7 November 2016
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04/11/2016
Vítor Constâncio:  Challenges for future monetary policy frameworks: A European perspective
Speech by Vítor Constâncio, Vice-President of the ECB, 
at the 19th Annual International Banking Conference, “Achieving Financial Stability: Challenges to Prudential Regulation”, Chicago, 4 November 2016
03/11/2016
Benoît Cœuré:  Sovereign debt in the euro area: too safe or too risky?
Keynote address by Benoît Cœuré, Member of the Executive Board of the ECB, 
at Harvard University's Minda de Gunzburg Center for European Studies in Cambridge, MA, 3 November 2016
02/11/2016
Sabine Lautenschläger:  Interview with Süddeutsche Zeitung
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Meike Schreiber and Markus Zydra and published on 2 November 2016
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28/10/2016
Benoît Cœuré:  Monetary policy in a low-growth environment
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 
4th Frankfurt Conference on Financial Market Policy organised by the Sustainable Architecture for Finance in Europe Policy Centre, Goethe University, Frankfurt, 28 October 2016
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27/10/2016
Yves Mersch:  Low interest rate environment – an economic, legal and social analysis
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
University of the Deutsche Bundesbank, Hachenburg, 27 October 2016
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26/10/2016
Peter Praet:  The euro area economy, monetary policy and structural reforms
Remarks by Peter Praet, Member of the Executive Board of the ECB, 
at the European Treasurers Club in Brussels, 26 October 2016
25/10/2016
Mario Draghi:  Stability, equity and monetary policy
Speech by Mario Draghi, President of the ECB, 
2nd DIW Europe Lecture, 
German Institute for Economic Research (DIW), 
Berlin, 25 October 2016
ENGLISH
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20/10/2016
Mario Draghi:  Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, 
Vítor Constâncio, Vice-President of the ECB, 
Frankfurt am Main, 20 October 2016
12/10/2016
Yves Mersch:  The ECB and the Federal Reserve – an ocean apart?
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
Harvard University, 12 October 2016
12/10/2016
Benoît Cœuré:  Strengthening the Greek financial system
Introductory remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at a public hearing at the European Parliament, 
Brussels, 12 October 2016
11/10/2016
Yves Mersch:  Speaking points for an event organised by MNI Connect
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
New York, 11 October 2016
09/10/2016
Vítor Constâncio:  Securing sustained economic growth in the euro area
Speech by Vítor Constâncio, Vice-President of the ECB, at the G30 Meeting in Washington, 9 October 2016
07/10/2016
Peter Praet:  Beyond monetary policy: on the importance of a proper alignment of economic policies in EMU
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at the conference “Beyond Monetary Policy”, organised by the US-Korea Institute at SAIS and Reinventing Bretton Woods Committee, 
Contribution to the Panel on Realignment of Economic Policy: Beyond Monetary Policy, Washington D.C., 7 October 2016
07/10/2016
Mario Draghi:  IMFC Statement
Statement by Mario Draghi, President of the ECB, at the thirty-fourth meeting of the International Monetary and Financial Committee, 
Washington DC, 7 October 2016
06/10/2016
Peter Praet:  Turn cyclical recovery into a structural recovery
Remarks by Peter Praet, Member of the Executive Board of the ECB, at the Morgan Stanley Roundtable “What next for Europe” in Washington, D.C., 6 October 2016
06/10/2016
Peter Praet:  Monetary policy transmission in the euro area
Policy address by Peter Praet, Member of the Executive Board of the ECB, at the SUERF Conference “Global Implications of Europe’s Redesign”, 
New York, 6 October 2016
04/10/2016
Peter Praet:  Monetary policy and the euro area banking system
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at VII Financial Forum organised by Expansión and KPMG, 
Madrid, 4 October 2016
03/10/2016
Yves Mersch:  The challenge of low interest rates for banks within the banking union
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
Public Roundtable at the University of Luxembourg on “Banking Union – Quo Vadis?”, Luxembourg, 3 October 2016
30/09/2016
Sabine Lautenschläger:  Interview with Börsen-Zeitung
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Mark Schrörs and published on 30 September 2016
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30/09/2016
Mario Draghi:  Interview with ARD Tagesthemen
Interview with Mario Draghi, President of the ECB, 
conducted by Thomas Roth and broadcast on 28 September 2016
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28/09/2016
Mario Draghi:  Working together for growth in Europe
Introductory remarks by Mario Draghi, President of the ECB, 
at Deutscher Bundestag, Berlin, 28 September 2016
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28/09/2016
Mario Draghi:  Researching the Macroeconomic Policies of the Future
Welcome address by Mario Draghi, President of the ECB, 
at the first ECB Annual Research Conference, 
Frankfurt am Main, 28 September 2016
27/09/2016
Benoît Cœuré:  Reforming financial sector benchmarks
Welcome remarks by Benoît Cœuré, Member of the Executive Board of the ECB, 
at the annual meeting of the Money Market Contact Group, Frankfurt am Main, Tuesday 27 September 2016
26/09/2016
Benoît Cœuré:  Interview with Süddeutsche Zeitung
Interview of Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Markus Zydra on 22 September 2016, and published on 26 September 2016
ENGLISH
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26/09/2016
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, 26 September 2016
26/09/2016
Benoît Cœuré:  Having confidence in Europe
Keynote speech by Benoît Cœuré, Member of the Executive Board of the ECB, 
at a conference organised by the Istituto Affari Internazionali, 
Rome, 26 September 2016
26/09/2016
Yves Mersch:  The next steps in the evolution of the Eurosystem’s market infrastructure
Opening remarks by Yves Mersch, Member of the Executive Board of the ECB, 
at the Eurosystem community session at Sibos, 
Geneva, 26 September 2016
22/09/2016
Mario Draghi:  Welcome address
Speech by Mario Draghi, President of the ECB and Chair of the European Systemic Risk Board, 
at the first annual conference of the ESRB, 
Frankfurt am Main, 22 September 2016
ENGLISH
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20/09/2016
Peter Praet:  Interview with L'Opinion
Interview of Peter Praet, Member of the Executive Board of the ECB, conducted by Luc de Barochez on 15 September, and published on 20 September
ENGLISH
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19/09/2016
Yves Mersch:  Banks adapting to the new normal: Striking a balance between prudence and pragmatism
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
Dinner Speech at the Mandarine Gestion Investment Conference, 
Munich, 19 September 2016
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15/09/2016
Benoît Cœuré:  The Case for Rethinking International Capital Flows
Dinner speech by Benoît Cœuré, Member of the Executive Board of the ECB, SUERF/PSE/CEPII Conference on "Rethinking Capital Controls and Capital Flows", 
Paris, 15 September 2016
15/09/2016
Peter Praet:  Remarks at the BNYM 20th anniversary dinner on the dynamics of TARGET2 balances and monetary policy implementation
Dinner address by Peter Praet, Member of the Executive Board of the ECB, at the BNYM 20th anniversary, 
Brussels, 15 September 2016
13/09/2016
Sabine Lautenschläger:  Monetary policy in uncertain times – the ECB and the crisis
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Parliamentary evening in Strasbourg, 13 September 2016
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13/09/2016
Mario Draghi:  Reviving the spirit of De Gasperi: working together for an effective and inclusive Union
Speech by Mario Draghi, President of the ECB, 
at the presentation ceremony of the De Gasperi award, 
Trento, 13 September 2016
ENGLISH
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08/09/2016
Mario Draghi:  Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, 
Vítor Constâncio, Vice-President of the ECB
Frankfurt am Main, 8 September 2016
07/09/2016
Yves Mersch:  Reaching for perfection – building the market infrastructure of tomorrow
Opinion piece by Yves Mersch, Member of the Executive Board of the ECB, 
Eurofi Magazine, 7 September 2016
03/09/2016
Yves Mersch:  Introductory remarks for the discussion panel ‘The Future of the Euro’
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
at the Ambrosetti Forum ‘Intelligence on the World, Europe, and Italy’
Villa d’Este, Cernobbio, 3 September 2016
31/08/2016
Peter Praet:  Financial cycles and monetary policy
Speech by Peter Praet, Member of the Executive Board of the ECB, in the context of a panel on “International Monetary Policy”, 
Beijing, 31 August 2016
27/08/2016
Benoît Cœuré:  The ECB's operational framework in post-crisis times
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 
at the Federal Reserve Bank of Kansas City’s 40th Economic Policy Symposium, Jackson Hole, 27 August 2016
16/08/2016
Benoît Cœuré:  Further strengthening the resilience of financial plumbing
Opinion piece by Benoît Cœuré, Member of the Executive Board of the ECB, and chairman of the Committee on Payments and Market Infrastructures (CPMI), 
and Ashley Alder, chairman of the board of the International Organization of Securities Commissions (Iosco), 
published by the Financial Times, 16 August 2016
28/07/2016
Benoît Cœuré:  Assessing the implications of negative interest rates
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 
at the Yale Financial Crisis Forum, Yale School of Management, New Haven, 28 July 2016
21/07/2016
Mario Draghi:  Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, 
Vítor Constâncio, Vice-President of the ECB, 
Frankfurt am Main, 21 July 2016
18/07/2016
Sabine Lautenschläger:  Interview with Expansión
Interview of Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Alicia Crespo on 7 July 2016, and published on 18 July 2016
ENGLISH
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07/07/2016
Vítor Constâncio:  Challenges for the European banking industry
Lecture by Vítor Constâncio, Vice-President of the ECB, 
at the Conference on “European Banking Industry: what’s next?”, organised by the University of Navarra, 
Madrid, 7 July 2016
07/07/2016
Sabine Lautenschläger:  European Banking Supervision – Business model analysis
Presentation by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
at the CEO/CFO/CRO-Roundtable, 
Madrid, 7 July 2016
06/07/2016
Mario Draghi:  Eighth ECB Statistics Conference
Welcome address by Mario Draghi, President of the ECB, at the Eighth ECB Statistics Conference, Central Bank Statistics: moving beyond the aggregates, 
Frankfurt am Main, 6 July 2016
05/07/2016
Sabine Lautenschläger:  Central bank statistics: moving beyond the aggregates
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, 
at the Eighth ECB Statistics Conference, 
Frankfurt am Main, 5 July 2016
05/07/2016
Sabine Lautenschläger:  Interview mit International Bankers Forum
Interview mit Sabine Lautenschläger, Mitglied des Direktoriums der EZB und stellvertretende Vorsitzende des Aufsichtsgremiums des einheitlichen Aufsichtsmechanismus, 
geführt am 23. Mai 2016 und veröffentlicht am 5. Juli 2016
01/07/2016
Peter Praet:  Transmission channels of monetary policy in the current environment
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at the Financial Times Festival of Finance, 
London, 1 July 2016
01/07/2016
Benoît Cœuré:  Interview with Le Monde
Interview of Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Marie Charrel on 27 June 2016, and published on 1 July 2016
ENGLISH
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29/06/2016
Yves Mersch:  Opening remarks at the Academy of European Law
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
Luxembourg, 29 June 2016
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
ENGLISH
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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
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17/06/2016
Mario Draghi:  Laudatio for Theo Waigel
Speech by Mario Draghi, President of the ECB, 
in honour of Dr. Theodor Waigel at SignsAwards in Munich, 17 June 2016
ENGLISH
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17/06/2016
Benoît Cœuré:  Structural reforms on the way to a complete Economic and Monetary Union
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 
at the International Conference on Structural Reforms in Advanced Economies, 
Hertie School of Governance, Berlin, 17 June 2016
16/06/2016
Yves Mersch:  Unkonventionelle Geldpolitik – eine ordnungspolitische Würdigung
Rede von Yves Mersch, Mitglied des Direktoriums der EZB, 
Albert-Ludwigs-Universität Freiburg, den 16. Juni 2016
15/06/2016
Vítor Constâncio:  The challenge of low real interest rates for monetary policy
Lecture by Vítor Constâncio, Vice-President of the ECB, Macroeconomics Symposium at Utrecht School of Economics, 15 June 2016
14/06/2016
Yves Mersch:  Grasping the new normal of the banking industry – a view from a European Central Banker
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
at the European Financial Congress, Sopot, Poland, 14 June 2016
ENGLISH
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09/06/2016
Mario Draghi:  On the importance of policy alignment to fulfil our economic potential
5th Annual Tommaso Padoa-Schioppa Lecture by Mario Draghi, President of the ECB, at the Brussels Economic Forum 2016, 
Brussels, 9 June 2016
ENGLISH
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All speeches

31/12/2016
Benoît Cœuré:  Interview with Börsen-Zeitung
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Mark Schrörs and Detlef Fechtner on 20 December and published on 31 December 2016
ENGLISH
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20/12/2016
Peter Praet:  Interview with the Telegraaf
Interview with Peter Praet, Member of the Executive Board of the ECB, 
Conducted by: Martin Visser and Dorinde Meuzelaar on 12 December, published on 20 December 2016
ENGLISH
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14/12/2016
Peter Praet:  Interview with Die Zeit
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Lisa Nienhaus and Mark Schieritz on 12 December and published on 14 December 2016
ENGLISH
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13/12/2016
Vítor Constâncio:  Interview with Bankfokus
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Pär Krause and published on 13 December 2016
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12/12/2016
Benoît Cœuré:  Q&A on Twitter
Interview on Twitter with Benoît Cœuré, Member of the Executive Board of the ECB, conducted and published on 12 December 2016

All interviews

17/01/2017
Manual on MFI interest rate statistics, January 2017
11/01/2017
Letter from the ECB President to Ms Pervenche Berès, MEP, on the legal framework for central counterparties
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11/01/2017
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on monetary policy
02/01/2017
CCBM procedures for Eurosystem counterparties
02/01/2017
CCBM information for counterparties - Summary of legal instruments used in the euro area

All publications

12/01/2017
Decision of the ECB of 11 January 2017 amending Decision (EU) 2016/948 on the implementation of the corporate sector purchase programme (ECB/2017/4)
12/01/2017
Decision of the ECB of 11 January 2017 amending Decision (EU) 2015/774 on a secondary markets public sector asset purchase programme (ECB/2017/1)
12/01/2017
Decision of the ECB of 11 January 2017 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2017/3)
12/01/2017
Decision of the ECB of 11 January 2017 amending Decision ECB/2014/40 on the implementation of the third covered bond purchase programme  (ECB/2017/2)
28/12/2016
Opinion on a Belgian draft law on the oversight of payment transaction processors (CON/2016/61)
Belgium, 

All legal acts

1 January 2017BANKNOTES

Happy birthday, euro banknotes!

Euro banknotes have been part of our everyday lives for 15 years – since 1 January 2002. An entire generation has grown up knowing just the euro. Find out what they think.

EXPLAINER

Why is the ECB independent?

The ECB’s political independence is a cornerstone of the euro area’s monetary system. Find out why the ECB has been set up as an independent institution, how its independence is safeguarded and what the ECB does to ensure accountability.

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 1.0668
JPY Japanese yen 122.23
GBP Pound sterling 0.86555
CHF Swiss franc 1.0729
Last update: Thursday, 19 January 2017 Euro foreign exchange rates

Multimedia

  • 15 years of the euro

  • The new €50 banknote

  • ECB Press Conference - 08 December 2016

  • Vítor Constâncio interview: The Financial Stability Review November 2016

  • ECB European Cultural Days - Germany 2016 - preview

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB President Mario Draghi explains TLTRO II

  • Discover the new 20 euro banknote

  • Living in Frankfurt. Working for the ECB

  • New ECB premises: time-lapse video of the construction process

  • Collateral management - the role of the Eurosystem

  • TARGET balances in 8 minutes

  • ECB and the Eurosystem explained in 3 min.

  • 08 December 2016 Press Conference

  • 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

  • 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, June 2016 - cover image

    The international role of the euro, June 2016

  • 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