Menu
  • Season’s greetings
    Merry Christmas...

    ... and all the best for 2021 from all of us here at the ECB.

Our response to the coronavirus pandemic
23 December 2020 PODCAST

Building a bridge towards economic recovery

How will the coronavirus vaccine affect economic recovery in 2021? Where do we stand after nine months of fighting the crisis? And what is the role of the ECB’s monetary policy? Our host Michael Steen discusses these questions with our Chief Economist Philip R. Lane.

23 December 2020 #ASKECB

Live Twitter Q&A with Isabel Schnabel

Executive Board member Isabel Schnabel answered questions from Twitter users on monetary policy, including the ECB measures in response to the coronavirus pandemic. She also discussed asset prices, the digital euro and climate change.

17/12/2020
Isabel Schnabel: Climate change and monetary policy
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, Exchange of views with German economists on the coronavirus (COVID-19), organised by German Ministry of Finance
16/12/2020
Isabel Schnabel: The importance of trust for the ECB’s monetary policy
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, as part of the seminar series “Havarie Europa. Zur Pathogenese europäischer Gegenwarten” at the Hamburg Institute for Social Research (Hamburger Institut für Sozialforschung)
English
OTHER LANGUAGES (1) +
Select your language
Slides
English
OTHER LANGUAGES (1) +
Select your language
16/12/2020
Fabio Panetta: Keeping cyber risk at bay: our individual and joint responsibility
Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the fifth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures
15/12/2020
Philip R. Lane: The resilience of the euro
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB legal colloquium on Post-Pandemic Economic Governance
14/12/2020
Isabel Schnabel: Welcome address
Welcome address by Isabel Schnabel, Member of the Executive Board of the ECB, at the third roundtable on euro risk-free rates

All speeches

18/12/2020
Isabel Schnabel: Q&A on Twitter
Interview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 17 December 2020
02/12/2020
Philip R. Lane: Transcript of the fireside chat at Reuters Global Outlook Investment Summit
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi on 1 December 2020
01/12/2020
Isabel Schnabel: Interview with Bloomberg
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jana Randow, Carolynn Look and Alexander Weber on 30 November 2020
30/11/2020
Christine Lagarde: The future of money – innovating while retaining trust
Article by Christine Lagarde, President of the ECB, in L’ENA hors les murs magazine
English
OTHER LANGUAGES (1) +
Select your language
28/11/2020
Yves Mersch: Interview with Le Monde
Interview with Yves Mersch, Member of the Executive Board of the ECB, conducted by Marie Charrel and Eric Albert
English
OTHER LANGUAGES (1) +
Select your language

All interviews

02/12/2020
Fabio Panetta: Money in the digital era
Blog post by Fabio Panetta, Member of the Executive Board of the ECB

Summary

The results of the ECB’s latest study on payment behaviours suggest that no single means of payment currently available meets all consumer needs, Executive Board member Fabio Panetta writes in The ECB Blog. This underlines the importance of continuing to give people a choice on how to pay.

20/10/2020
Isabel Schnabel: Don’t take it for granted: the value of high-quality data and statistics for the ECB’s policymaking
Blog post by Isabel Schnabel, Member of the Executive Board of the ECB

Summary

High-quality data and statistics provide indispensable input for sound policy decisions, including at the ECB, writes Executive Board member Isabel Schnabel. Today’s World Statistics Day reminds us of the importance of data we can trust.

02/10/2020
Fabio Panetta: We must be prepared to issue a digital euro
Blog post by Fabio Panetta, Member of the Executive Board of the ECB

Summary

We should be ready to issue a digital euro if and when it is necessary, writes Executive Board member Fabio Panetta. The euro is a currency that Europeans trust. We need to make sure that it is fit for the future.

11/09/2020
Philip R. Lane: The outlook for the euro area
Blog post by Philip R. Lane, Member of the Executive Board of the ECB

Summary

Our current measures are providing crucial support to the economic recovery in the euro area, writes Chief Economist Philip R. Lane. But there is no room for complacency as inflation remains far below the aim and risks continue to be tilted to the downside.

02/09/2020
Luis de Guindos, Fabio Panetta, Isabel Schnabel: Europe needs a fully fledged capital markets union – now more than ever
Blog post by Luis de Guindos, Vice-President of the ECB, and Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB

Summary

The coronavirus crisis makes progress on capital markets union even more important, write Luis de Guindos, Fabio Panetta and Isabel Schnabel. In the light of the European Commission’s forthcoming Action Plan, they outline priority areas for reform to foster European capital markets.

All blog posts

22 December 2020 EDUCATION

Visitor Centre open for virtual lectures!

The ECB Visitor Centre is offering virtual lectures for groups. Experts stand ready to give presentations on ECB topics and answer your questions. Curious? Book a lecture for your group now.

PUBLIC CONSULTATION

Digital euro: have your say!

Like the euro we already use every day, the design of a digital euro should meet the needs of a broad range of users. That’s why we want to hear the views of the public and of all interested stakeholders on the benefits and challenges of issuing a digital euro and on its possible design.

Interest rates

Marginal lending facility 0.25 %
Main refinancing operations (fixed rate) 0.00 %
Deposit facility − 0.50 %
Effective from 18 September 2019

Inflation rate

Full inflation chart
Inflation dashboard

Reference rates

USD US dollar 1.2219
JPY Japanese yen 126.54
GBP Pound sterling 0.90408
CHF Swiss franc 1.0854
Last update: Monday, 28 December 2020 Euro foreign exchange rates

Multimedia

  • ECB Governing Council Press Conference - 10 September 2020

    ECB Governing Council Press Conference - 10 September 2020

  • ECB Governing Council Press Conference - 16 July 2020

    ECB Governing Council Press Conference - 16 July 2020

  • ECB Governing Council Press Conference - 04 June 2020

    ECB Governing Council Press Conference - 04 June 2020

  • Join a Youth Dialogue with Christine Lagarde

    Join a Youth Dialogue with Christine Lagarde

  • ECB Governing Council Press Conference - 30 April 2020

    ECB Governing Council Press Conference - 30 April 2020

  • Christine Lagarde, President of the ECB, signing the euro banknotes, 28 November 2019

    Christine Lagarde, President of the ECB, signing the euro banknotes, 28 November 2019

  • The ECB explains: crypto-assets

    The ECB explains: crypto-assets

  • ECB Forum on Central Banking 2019

    ECB Forum on Central Banking 2019

  • Download the ECB Art App

    Download the ECB Art App

  • Travelogue: ECB Executive Board member Benoît Cœuré visiting Vorwerk factory in Cloyes-sur-le-Loir

    Travelogue: ECB Executive Board member Benoît Cœuré visiting Vorwerk factory in Cloyes-sur-le-Loir

  • ECB Press Conference - 10 September 2020

  • ECB Press Conference - 16 July 2020

  • ECB Press Conference - 04 June 2020

  • Youth Dialogue with Christine Lagarde - 27 May 2020

  • ECB Press Conference - 30 April 2020

  • New signature for euro banknotes - 28 November 2019

  • Christine Lagarde's Keynote Speech - European Banking Congress 2019

  • Farewell President Draghi - 28 October 2019

  • ECB Conference on Gender and Career Progression - 21 October 2019

  • ECB Press Conference - 24 October 2019

  • 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

  • Price and wage-setting in advanced economies - cover image

    Price and wage-setting in advanced economies

  • ESCB Legal Conference 2018 - cover image

    ESCB Legal Conference 2018

  • 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