SpeechChallenges for European banks
Vice-President Vítor Constâncio reflects on the challenges faced by the banking industry, both at the global and the European level, at a conference in Madrid. European banks in particular have to deal with low profitability, bad loans and overcapacity in the banking sector.
BanknotesECB unveils new €50 banknote
Executive Board member Yves Mersch has unveiled the new design of the €50 banknote, which will enter into circulation on 4 April 2017. The new banknote has enhanced security features and comes in more vibrant colours. The €50 is the most widely used euro banknote.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|