• Recognising commitment to European unity
    Speech
    Recognising commitment to European unity

    There are few who have done so much for Europe as Wolfgang Schäuble, says ECB President Christine Lagarde at an event in his honour in Berlin. He has reminded us to be confident in the resilience of our democratic institutions.

Implications of bank misconduct costs
18 November 2019 PUBLICATION

Implications of bank misconduct costs

Past misconduct by banks has weighed on global bank profitability and equity positions over the last decade. It may also affect bank stock returns and market valuations. This highlights the importance of implementing good governance practices and sound internal controls.

18/11/2019
Luis de Guindos: Opportunities and challenges for the euro area financial sector
Opening speech by Luis de Guindos, Vice-President of the ECB, at the 22nd Euro Finance Week
English
15/11/2019
Philip R. Lane: Europe’s role in a changing global economy
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the European Commission’s Annual Research Conference in Brussels, 15 November 2019
English
15/11/2019
Yves Mersch: Anti-money laundering and combating the financing of terrorism – recent initiatives and the role of the ECB
Speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Colloque de l’AEDBF-Europe, Paris, 15 November 2019
English
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FrançaisFR
14/11/2019
Philip R. Lane: The international transmission of monetary policy
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, CEPR International Macroeconomics and Finance Programme Meeting
English
12/11/2019
Yves Mersch: International trends in central bank independence: the ECB’s perspective
Remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Roundtable Discussion on Central Bank Independence
English

All speeches

12/11/2019
Luis de Guindos: Interview with Börsen-Zeitung
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Mark Schrörs and Detlef Fechtner on 5 November 2019 and published on 12 November
English
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DeutschDE
26/10/2019
Luis de Guindos: Interview with El País
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Luis Doncel on 11 October 2019
English
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EspañolES
17/10/2019
Benoît Cœuré: Interview with Bloomberg
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jana Randow and Piotr Skolimowski on 10 October and published on 17 October 2019
English
09/10/2019
Luis de Guindos: Interview with Market News
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 7 October, and published on 9 October 2019
English
30/09/2019
Philip R. Lane: Q&A with Reuters
Q&A with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Daniel Burns on 27 September 2019 at Reuters Newsmaker in New York
English

All interviews

15/11/2019
Agreement of 25 October 2019 on net financial assets
ENGLISH
11/11/2019
Opinion on the security of network and information systems (CON/2019/38)
Spain, 
ENGLISH
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EspañolES
05/11/2019
Decision (EU) 2019/1848 of the ECB of 29 October 2019 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB  (ECB/2019/32)
ENGLISH
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БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
31/10/2019
Opinion on a proposal for a regulation on a governance framework for the budgetary instrument for convergence and competitiveness for the euro area  (CON/2019/37)
ENGLISH
25/10/2019
Opinion on amendments to the Law on Latvijas Banka (CON/2019/36)
Latvia, 
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LatviešuLV

All legal acts

Bank profitability and consolidation
18 November 2019 PUBLICATION

Bank profitability and consolidation

Some banks in the euro area are underperforming as a result of legacy asset problems, weak income generation, and combined cost and revenue problems. Consolidation can help address the latter two causes.

Generation €uro Students’ Award
EVENT

Generation €uro Students’ Award

Registration for the 2019-20 edition of the Generation €uro Students’ Award is now open. Secondary school students in 12 euro area countries can take part to win a trip to the ECB in Frankfurt.

Interest rates

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

Inflation rates

 Full inflation chart
Inflation dashboard

Reference rates

USD US dollar 1.1061
JPY Japanese yen 120.55
GBP Pound sterling 0.85330
CHF Swiss franc 1.0960
Last update: Monday, 18 November 2019 Euro foreign exchange rates

Financial stability

Market operations

Multimedia

  • ECB Press Conference - 12 September 2019

    ECB Press Conference - 12 September 2019

  • ECB Interview with Cornelia Holthausen

    ECB Interview with Cornelia Holthausen

  • ECB Forum on Central Banking 2019

    ECB Forum on Central Banking 2019

  • Christine Lagarde: 8th ECB CESEE - Keynote speech

    Christine Lagarde: 8th ECB CESEE - Keynote speech

  • 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

  • Euro Banknotes – Our Money, Our Journey

    Euro Banknotes – Our Money, Our Journey

  • Unveiling of the New 100 and 200 Euro Banknotes

    Unveiling of the New 100 and 200 Euro Banknotes

  • 20 years of ESCB statistics: What's next?

    20 years of ESCB statistics: What's next?

  • How are Executive Board members chosen?

    How are Executive Board members chosen?

  • ECB Press Conference - 24 October 2019

    ECB Press Conference - 24 October 2019

  • European Cultural Days of the ECB: Museumssalon - October 23 2019

    European Cultural Days of the ECB: Museumssalon - October 23 2019

  • European Cultural Days -10 October 2019

    European Cultural Days -10 October 2019

  • Sendung mit der Maus Tag der offenen Tür - 3 October 2019

    Sendung mit der Maus Tag der offenen Tür - 3 October 2019

  • ECB Press Conference – 12 September 2019

    ECB Press Conference – 12 September 2019

  • European Cultural Days - 22 August 2019

    European Cultural Days - 22 August 2019

  • ECB Press Conference – 25 July 2019

    ECB Press Conference – 25 July 2019

  • Opening of the Croatian Art Exhibition

    Opening of the Croatian Art Exhibition

  • ECB Forum on Central Banking 2019

    ECB Forum on Central Banking 2019

  • ECB Youth Dialogue with Benoît Cœuré, Milan

    ECB Youth Dialogue with Benoît Cœuré, Milan

  • 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