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  • Euro area financial sector in pandemic crisis
    Speech
    Euro area financial sector in pandemic crisis

    The coronavirus crisis amplified vulnerabilities in the euro area financial system, says Vice-President Luis de Guindos who discusses policy implications for banks and non-banks.

Our response to the coronavirus pandemic
Recovering from the pandemic
17 November 2020 INTERVIEW

Recovering from the pandemic

Our models suggest it will take a year or 18 months from now before the European economy returns to where it was before the coronavirus crisis, but we can already see the light at the end of the tunnel, says Chief Economist Philip R. Lane.

The blueprint for managing the second wave
11 November 2020 ECB FORUM

The blueprint for managing the second wave

The European policy response to the pandemic has proven that when different authorities work together, countries can successfully absorb the shock, says President Christine Lagarde. The second wave presents new challenges and risks, but the blueprint for managing it is the same.

16/11/2020
Luis de Guindos: The euro area financial sector in the pandemic crisis
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the 23rd EURO FINANCE WEEK
English
12/11/2020
Luis de Guindos: Banking Union and Capital Markets Union after COVID-19
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector, Portugal) online Annual International Conference 2020 on Major Trends in Financial Regulation
English
11/11/2020
Christine Lagarde: Monetary policy in a pandemic emergency
Keynote speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking
English
05/11/2020
Isabel Schnabel: Unequal scars – distributional consequences of the pandemic
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at a webinar hosted by the ECONtribute Cluster of Excellence (University of Bonn/University of Cologne)
English
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DeutschDE
04/11/2020
Isabel Schnabel: Monetary policy in changing conditions
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the second EBI Policy Conference on “Europe and the Covid-19 Crisis – Looking back and looking forward”
English
Slides
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17/11/2020
Philip R. Lane: Transcript of interview with Portuguese public broadcaster RTP3
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Maria Nobre, broadcast on Tuesday, 17 November at 12:00 a.m. CET
English
03/11/2020
Isabel Schnabel: Interview with Handelsblatt
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe
English
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DeutschDE
19/10/2020
Christine Lagarde: Interview with Le Monde
Interview with Christine Lagarde, President of the ECB, conducted by Marie Charrel and Eric Albert
English
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FrançaisFR
17/10/2020
Fabio Panetta: Interview with Kathimerini
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eirini Chrysolora
English
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EλληνικάEL ItalianoIT
11/10/2020
Philip R. Lane: Interview with Wall Street Journal
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
English

All interviews

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.

English
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.

English
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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.

English
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.

English
19/08/2020
Fabio Panetta, Isabel Schnabel: The provision of euro liquidity through the ECB’s swap and repo operations
Blog post by Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB

Summary

The ECB’s swap and repo lines are essential stabilising tools in the coronavirus crisis. In a joint Blog post, Executive Board members Fabio Panetta and Isabel Schnabel explain how these tools reduce funding risks, prevent financial contagion and support the euro’s use in global transactions.

English

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Hearing at the European Parliament
16 November 2020 ACCOUNTABILITY

Hearing at the European Parliament

President Christine Lagarde will speak on 19 November before the European Parliament’s Committee on Economic and Monetary Affairs and answer questions from its members.

The hearing will be webcast live and starts at 09:00 CET.

Digital euro: have your say!
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 1.1830
JPY Japanese yen 124.15
GBP Pound sterling 0.89819
CHF Swiss franc 1.0819
Last update: Monday, 16 November 2020 Euro foreign exchange rates

Financial stability

Market operations

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 - 10 September 2020

  • ECB Press Conference - 16 July 2020

    ECB Press Conference - 16 July 2020

  • ECB Press Conference - 04 June 2020

    ECB Press Conference - 04 June 2020

  • Youth Dialogue with Christine Lagarde - 27 May 2020

    Youth Dialogue with Christine Lagarde - 27 May 2020

  • ECB Press Conference - 30 April 2020

    ECB Press Conference - 30 April 2020

  • New signature for euro banknotes - 28 November 2019

    New signature for euro banknotes - 28 November 2019

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

    Christine Lagarde's Keynote Speech - European Banking Congress 2019

  • Farewell President Draghi - 28 October 2019

    Farewell President Draghi - 28 October 2019

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

    ECB Conference on Gender and Career Progression - 21 October 2019

  • ECB Press Conference - 24 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