22 January 2018 MONETARY POLICY

Press conference on Thursday, 25 January 2018

ECB President Mario Draghi and Vice-President Vítor Constâncio explain the Governing Council’s monetary policy decisions and answer questions from journalists.

The press conference starts at 14:30 CET.

2 January 2018MEDIA

Apply now for our ECB journalist seminar in February

Are you a journalist interested in the banking union? Sign up for our seminar on 6-7 February. You’ll take part in interactive sessions with experts from the Eurosystem, Single Resolution Board and European Stability Mechanism and attend the ECB banking supervision press conference.

16/12/2017
Benoît Cœuré: Central banks as risk managers
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the 53rd SEACEN Governors’ Conference/ High-Level Seminar and the 37th Meeting of the SEACEN Board of Governors, Bangkok, 16 December 2017
14/12/2017
Mario Draghi, Vítor Constâncio: 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, 14 December 2017
06/12/2017
Yves Mersch:  Challenges for euro area monetary policy in early 2018
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the 32nd International ZinsFORUM, Frankfurt am Main, 6 December 2017
ENGLISH
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30/11/2017
Peter Praet: The outlook for reform: cementing growth and delivering sustainable employment
Speech by Peter Praet, Member of the Executive Board of the ECB, at the Ludwig Erhard Lecture, organised by the Lisbon Council, Brussels, 30 November 2017
30/11/2017
Yves Mersch: Digital transformation of the retail payments ecosystem
Introductory speech by Mr Yves Mersch, Member of the Executive Board of the ECB, at the Joint ECB and Banca d’Italia conference, Rome, 30 November 2017
ENGLISH
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All speeches

17/01/2018
Vítor Constâncio: Interview with La Repubblica
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Tonia Mastrobuoni on 15 January and published on 17 January 2018
ENGLISH
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30/12/2017
Benoît Cœuré: Interview with Caixin Global
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Liwei Wang on 17 December and published on 30 December 2017
ENGLISH
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29/12/2017
Yves Mersch: Interview with Börsen-Zeitung
Interview with Yves Mersch, Member of the Executive Board of the ECB, conducted by Mark Schrörs und Detlef Fechtner on 18 December and published on 29 December 2017
ENGLISH
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21/11/2017
Benoît Cœuré: Interview with Handelsblatt
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe on 15 November and published on 21 November 2017
ENGLISH
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09/11/2017
Benoît Cœuré: Interview with France Info TV
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jean-Paul Chapel on 9 November 2017
ENGLISH
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All interviews

11/01/2018
Recommendation of the ECB of 28 December 2017 on dividend distribution policies  (ECB/2017/44)
11/01/2018
Opinion on markets in financial instruments (CON/2018/3)
Slovenia, 
ENGLISH
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09/01/2018
Opinion on markets in financial instruments (CON/2018/2)
Greece, 
05/01/2018
Recommendation of the ECB of 19 December 2017 to the Council of the European Union on the external auditors of the Central Bank of Cyprus  (ECB/2017/43)
02/01/2018
Opinion on a proposal for a regulation of the European Parliament and of the Council on European business statistics amending Regulation (EC) No 184/2005 and repealing 10 legal acts in the field of business statistics (CON/2018/1)

All legal acts

23 January 2018PRESS RELEASE

Rising demand for loans and better borrowing conditions

Demand continued to rise for all loan types in the fourth quarter of 2017 while borrowing conditions continued to improve for those seeking housing loans, our bank lending survey shows. Banks further strengthened their capital positions in response to regulatory and supervisory actions.

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 1.2249
JPY Japanese yen 135.35
GBP Pound sterling 0.87830
CHF Swiss franc 1.1779
Last update: Tuesday, 23 January 2018 Euro foreign exchange rates

Multimedia

  • Communications challenges for policy effectiveness, accountability and reputation

  • Meeting the #EuroVideoChallenge finalists at the award ceremony

  • What is TARGET Instant Payment Settlement (TIPS)?

  • #ECBYouthDialogue - Dublin, Ireland

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 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

  • Inside the Asset Purchase Programme

  • ECB and the Eurosystem explained in 3 min.

  • Central Bank Communications Conference - 14-15 November 2017

  • 2017 #EuroVideoChallenge Award Ceremony in Lyon - 9 November 2017

  • European Cultural Days - 26 October 2017

  • ECB Press Conference - 26 October 2017

  • Inauguration ECB Visitor Centre – 4 October 2017

  • Sendung mit der Maus - 3 October 2017

  • #ECBYouthDialogue, Dublin - 22 September 2017

  • Opening of the Cyprus Contemporary Art Exhibition - 20 September 2017

  • ECB Press Conference - 7 September 2017

  • 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