European Central Bank

Press release

Lagarde: Statement on coronavirus

The ECB is closely monitoring developments of the coronavirus outbreak and their implications for the economy, medium-term inflation and the transmission of our monetary policy. We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks.
- Press release

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24 February 2020 STRATEGY REVIEW

We want your input!

As part of our strategy review, we want to hear your opinions and ideas. The first ECB listening event has been postponed for the time being. We will announce a new date in due course. You can still submit your ideas on the ECB Listens Portal.

Have your say via the ECB Listens Portal
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2020 ECB strategy review
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3 March 2020 PUBLICATION

Financial integration and structure in the euro area

This new report focuses on structural developments in the euro area financial system and related policy issues. It also looks at the euro area fintech scene and the role of equity markets in greening the economy.

Report
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Press release

04/03/2020: ECB announces operational precautions linked to coronavirus
English
04/03/2020: Euro area bank interest rate statistics: January 2020
English
03/03/2020: Consolidated financial statement of the Eurosystem as at 28 February 2020
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Commentary
English
03/03/2020: Euro area insurance corporation statistics: fourth quarter of 2019
English
03/03/2020: ECB pushes for EU capital markets integration and development
English

All press releases

02/03/2020: Luis de Guindos: Remarks at the European Economics and Financial Centre
Remarks by Luis de Guindos, Vice-President of the ECB, at the European Economics and Financial Centre
English
27/02/2020: Philip R. Lane: Monetary policy, low interest rates and low inflation
Dinner remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Centre for European Reform
English
27/02/2020: Isabel Schnabel: How long is the medium term? Monetary policy in a low inflation environment
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Barclays International Monetary Policy Forum
English
27/02/2020: Christine Lagarde: Climate change and the financial sector
Speech by Christine Lagarde, President of the ECB, at the launch of the COP 26 Private Finance Agenda
English
27/02/2020: Fabio Panetta: Protecting the European financial sector: the Cyber Information and Intelligence Sharing Initiative
Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the fourth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures
English

All speeches

03/03/2020: Luis de Guindos: Capital markets union: the role of equity markets and sustainable finance
Contribution by Luis de Guindos, Vice-President of the ECB, on the occasion of the publication of the ECB report on “Financial integration and structure in the euro area”, Frankfurt
English
14/02/2020: Philip R. Lane: Interview with RTÉ (Ireland’s National Television and Radio Broadcaster)
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Robert Shortt on 13 February 2020 and broadcast (in part) on 13 February 2020
English
11/02/2020: Isabel Schnabel: Interview with Die Welt
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Anja Ettel and Holger Zschäpitz on 10 February 2020, published on 11 February 2020
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10/02/2020: Luis de Guindos: Interview with Expansión
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Andrés Stumpf on 6 February 2020 and published on 10 February 2020
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EspañolES
03/02/2020: Luis de Guindos: Interview with ERT TV (Hellenic Broadcasting Corporation)
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Rallou Alexopoulou on 3 February 2020 and broadcast (in part) on 3 February 2020
English

All interviews

04/03/2020: Working paper no. 2379: Debt rule design in theory and practice: the SGP’s debt benchmark revisited
English
03/03/2020: Financial Integration and Structure in the Euro Area, March 2020
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Statistical annex
English
03/03/2020: Is the home bias biased? New evidence from the investment fund sector
English
Financial Integration and Structure in the Euro Area 2020
03/03/2020: How could a common safe asset contribute to financial stability and financial integration in the banking union?
English
Financial Integration and Structure in the Euro Area 2020
03/03/2020: Implications of Brexit for the EU financial landscape
English
Financial Integration and Structure in the Euro Area 2020
28/02/2020: Research bulletin no. 67: Public spending at the effective lower bound: how significant are the sustainability risks?
English
English
25/02/2020: Working paper no. 2378: Density forecast combinations: the real-time dimension
English
24/02/2020: ECB Survey of Monetary Analysts (SMA), March 2020
English
20/02/2020: Consolidated balance sheet of the Eurosystem as at 31 December 2019
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20/02/2020: Annual Accounts 2019
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English

All publications

12/02/2020: Decision (EU) 2020/187 of the ECB of 3 February 2020 on the implementation of the third covered bond purchase programme (recast) (ECB/2020/8)
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12/02/2020: Decision (EU) 2020/188 of the ECB of 3 February 2020 on a secondary markets public sector asset purchase programme (recast) (ECB/2020/9)
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05/02/2020: Opinion on the Supervisory Board of Eesti Pank (CON/2020/7)
Estonia,
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Eesti keelET
03/02/2020: Opinion on changes to the governance of De Nederlandsche Bank and the formal establishment of the Financial Stability Committee (CON/2020/6)
The Netherlands,
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NederlandsNL
30/01/2020: Opinion on the right of insolvency administrators and liquidators of credit institutions to hold funds in an account in Latvijas Banka (CON/2020/4)
Latvia,
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LatviešuLV

All legal acts

5 March 2020 PUBLICATION

Documents that paved the way for the euro released

ECB Archives has released 400 documents that contributed to the drafting of the Delors report, which laid out the roadmap for the creation of the euro. It is the first time that the records, which contain deliberations, submissions and working drafts, are being made available online.

Archives
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PODCAST

Climate change and the role of central banks

How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis.

Interest rates

Marginal lending facility	0.25 %
Main refinancing operations (fixed rate)	0.00 %
Deposit facility	− 0.50 %

Effective from 18 September 2019

Past key ECB interest rates

Inflation rates

Full inflation chart
Inflation dashboard

Reference rates

USD	US dollar	1.1187
JPY	Japanese yen	119.63
GBP	Pound sterling	0.86670
CHF	Swiss franc	1.0663

Last update: Thursday, 05 March 2020 Euro foreign exchange rates

Financial stability

Market operations

Multimedia

Christine Lagarde, President of the ECB, signing the euro banknotes, 28 November 2019
ECB Governing Council Press Conference - 12 December 2019
The ECB explains: crypto-assets
ECB Forum on Central Banking 2019
Download the ECB Art App
Travelogue: ECB Executive Board member Benoît Cœuré visiting Vorwerk factory in Cloyes-sur-le-Loir
Euro Banknotes – Our Money, Our Journey
Unveiling of the New 100 and 200 Euro Banknotes
20 years of ESCB statistics: What's next?
ECB Interview with Cornelia Holthausen

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
European Cultural Days of the ECB: Museumssalon - October 23 2019
ECB Press Conference - 24 October 2019
European Cultural Days of the ECB: Museumssalon - October 23 2019
European Cultural Days -10 October 2019
Sendung mit der Maus Tag der offenen Tür - 3 October 2019
ECB Press Conference – 12 September 2019

The international role of the euro, June 2018
Financial integration in Europe, May 2018
Price and wage-setting in advanced economies
ESCB Legal Conference 2018
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
The monetary policy of the ECB
The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field