• Speech
    Monetary policy in the euro area

    President Mario Draghi expands on the decisions taken at last week’s Governing Council. He reiterates that monetary policy in the euro area will remain patient, persistent and prudent.

21 June 2018PUBLIC CONSULTATION

Public consultation on candidate euro risk-free rates

Interested parties are invited to provide feedback on the assessment of candidates for a euro risk-free rate to replace EONIA.

The consultation is open until 13 July 2018.

20 June 2018#ECBFORUM

Winners of the young economists’ session

In a first for the competition, there are two winners of the young economists’ poster session at the ECB Forum on Central Banking. Nuno Clara from London Business School and Mishel Ghassibe from the University of Oxford share this year’s prize.

19/06/2018
Mario Draghi: Monetary policy in the euro area
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 19 June 2018
15/06/2018
Benoît Cœuré: The euro area economic outlook and completion of EMU
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the at the Club des Trente's "Chief Investment Officer - Chief Financial Officer" conference, Paris, 15 June 2018
14/06/2018
Mario Draghi, Luis de Guindos: Introductory statement to the press conference (with Q&A)
08/06/2018
Yves Mersch: Central bank risk management in times of monetary policy normalisation
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the International Risk Management Conference, Paris, 8 June 2018
06/06/2018
Peter Praet: Monetary policy in a low interest rate environment
Speech by Peter Praet, Member of the Executive Board of the ECB, at the Congress of Actuaries, Berlin, 6 June 2018

All speeches

15/06/2018
Benoît Cœuré: Interview with Europe 1
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Patrick Cohen on 15 June 2018 and broadcast on 15 June 2018
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29/05/2018
Vítor Constâncio: Interview with Spiegel Online
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Stefan Kaiser and Henning Jauernig on 22 May 2018 and published on 29 May 2018
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23/05/2018
Benoît Cœuré: Interview with Die Zeit
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Lisa Nienhaus and Mark Schieritz on 16 May 2018 and published on 23 May 2018
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18/05/2018
Vítor Constâncio: Interview with Bloomberg TV
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Paul Gordon on 17 May 2018
16/05/2018
Vítor Constâncio: Interview with the Financial Times
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Claire Jones on 11 May and published on 16 May 2018

All interviews

18/06/2018
Guideline (EU) 2018/876 of the ECB of 1 June 2018 on the Register of Institutions and Affiliates Data (ECB/2018/16)
18/06/2018
Guideline (EU) 2018/877 of the ECB of 1 June 2018 amending Guideline ECB/2014/15 on monetary and financial statistics  (ECB/2018/17)
15/06/2018
Opinion on mortgage amortisation requirements (CON/2018/30)
Sweden, 
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08/06/2018
Opinion on various financial law provisions  (CON/2018/29)
Belgium, 
18/05/2018
Opinion on the establishment of a framework for the security of network and information systems of general interest (CON/2018/27)
Belgium, 
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All legal acts

EXPLAINER

How are Executive Board members chosen?

Have you ever wondered how our Executive Board members are appointed? Elected national representatives decide at European level who can join the Board for a non-renewable eight-year term. Find out who proposes the candidates and how they are selected.

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 1.1538
JPY Japanese yen 127.59
GBP Pound sterling 0.87370
CHF Swiss franc 1.1496
Last update: Thursday, 21 June 2018 Euro foreign exchange rates

Multimedia

  • Interview with Vítor Constâncio. ECB Vice-President (2011 – 2018)

  • Financial Stability Review - May 2018

  • Vítor Constâncio interview on the Financial Stability Review - May 2018

  • How does the euro help Europeans do business?

  • What is ethical hacking?

  • Generation €uro Students' Award 2018

  • 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.

  • ECB Press Conference - 14 June 2018

  • EU Open Day - 5 May 2018

  • Joint Conference of the European Central Bank and the European Commission - 3 May 2018

  • ECB Press Conference - 26 April 2018

  • Generation €uro Students’ Award - 10 -11 April 2018

  • Luminale: Cross Hatch - 18 March 2018

  • ECB Press Conference - 8 March 2018

  • 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

  • The international role of the euro, June 2018 - cover image

    The international role of the euro, June 2018

  • Financial integration in Europe, May 2018 - cover image

    Financial integration in Europe, May 2018

  • ECB Legal Conference 2017 - Shaping a new legal order for Europe: a tale of crises and opportunities - cover image

    ECB Legal Conference 2017 - Shaping a new legal order for Europe: a tale of crises and opportunities

  • ECB Forum on Central Banking - Investment and growth in advanced economies - cover image

    ECB Forum on Central Banking - Investment and growth in advanced economies

  • 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