• Speech
    Monetary policy and the outlook for the economy

    The economic recovery is continuing but inflation developments remain subdued, says ECB President Mario Draghi. So, while we are confident in the recovery, we still need a patient and persistent approach to our monetary policy to ensure that price stability is achieved in the medium term.

14 November 2017CONFERENCE

Conference on Central Bank Communications

The ECB is hosting its first conference on central bank communications on 14 and 15 November.

Watch the policy panel with President Mario Draghi, Federal Reserve Chair Janet Yellen, Bank of England Governor Mark Carney and Bank of Japan Governor Haruhiko Kuroda.

15 November 2017SPEECH

The complexity of monetary policy communication

Communicating monetary policy has become more difficult since the financial crisis, says Executive Board member Peter Praet. Unconventional measures have added a whole new layer of complexity. For the euro area, in particular, it is challenging to address audiences across many countries.

17/11/2017
Mario Draghi: Monetary policy and the outlook for the economy
Speech by Mario Draghi, President of the ECB, at the Frankfurt European Banking Congress “Europe into a New Era – How to Seize the Opportunities”, Frankfurt am Main, 17 November 2017
16/11/2017
Peter Praet: Recent economic developments in the euro area
Remarks by Peter Praet, Member of the Executive Board of the ECB, at the Febelfin working group of bank economists, Brussels, 16 November 2017
16/11/2017
Yves Mersch: Securitisation Revisited
Keynote Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Euro Finance Week, Frankfurt am Main, 16 November 2017
15/11/2017
Peter Praet: Communicating the complexity of unconventional monetary policy in EMU
Speech by Peter Praet, Member of the Executive Board of the ECB, at the 2017 ECB Central Bank Communications Conference, Frankfurt am Main, 15 November 2017
14/11/2017
Benoît Cœuré: Asset purchases, financial regulation and repo market activity
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ERCC General Meeting on “The repo market: market conditions and operational challenges”, Brussels, 14 November 2017

All speeches

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
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29/10/2017
Benoît Cœuré: Interview with Le Journal du Dimanche
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Bruna Basini on 27 October and published on 29 October 2017
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28/09/2017
Peter Praet: Interview with Les Echos
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Isabelle Couet and Catherine Chatignoux on 25 September and published on 29 September 2017
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20/09/2017
Vítor Constâncio: Interview with Euronews
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Efthymia Koutsokosta on 15 September and published on 20 September
16/09/2017
Peter Praet: Interview with De Tijd
Interview Peter Praet, Member of the Executive Board of the ECB, conducted by Wouter Vervenne and Bart Haeck on 13 September and published on 16 September 2017
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All interviews

16/11/2017
Decision (EU) 2017/2098 of the ECB of 3 November 2017 on procedural aspects concerning the imposition of corrective measures for non-compliance with Regulation (EU) No 795/2014  (ECB/2017/33)
16/11/2017
Regulation (EU) 2017/2094 of the ECB of 3 November 2017 amending Regulation (EU) No 795/2014 on oversight requirements for systemically important payment systems (ECB/2017/32)
10/11/2017
Opinion on revisions to the Union crisis management framework (CON/2017/47)
10/11/2017
Opinion on amendments to the Union framework for capital requirements of credit institutions and investment firms (CON/2017/46)
09/11/2017
Opinion on support to home loan borrowers in a difficult financial situation and support for the voluntary restructuring of home loans denominated or indexed in a foreign currency (CON/2017/48)
Poland, 
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All legal acts

16 November 2017ACCOUNTABILITY

Hearing at European Parliament on 20 November

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 hearing starts at 15:00 CET.

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 1.1795
JPY Japanese yen 132.82
GBP Pound sterling 0.89385
CHF Swiss franc 1.1696
Last update: Friday, 17 November 2017 Euro foreign exchange rates

Multimedia

  • Meeting the #EuroVideoChallenge finalists at the award ceremony

  • 2017 #EuroVideoChallenge Creativity Highlights Reel

  • 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