• Accountability
    ECB President visits the European Parliament

    Mario Draghi appears at the European Parliament on Tuesday, 15 January. He contributes to a session marking the 20th anniversary of the euro, before speaking in the plenary debate on the ECB’s Annual Report for 2017.

    Follow the live webcasts from 11:30 and 16:00 CET.

11 January 2019SPEECH

Slovakia: a euro success story

Slovakia has become an economic success story for the EU, says Executive Board member Yves Mersch. The key factor has been the country's motivation to grasp opportunities offered by EU membership and adoption of our shared currency.

7 January 2019SPEECH

Fostering stability in the euro area

The euro area has come a long way since Latvia adopted the euro in 2014. ECB Vice-President Luis de Guindos reflects on the lessons that can be learned from Latvia’s experience within the euro area and discusses the steps needed to ensure the long-term success of the euro.

15/01/2019
Mario Draghi: Debate about the Annual Report
Speech by Mario Draghi, President of the European Central Bank, at plenary debate of the European Parliament about the ECB’s annual report 2017 in Strasbourg, 15 January 2019
15/01/2019
Mario Draghi: 20th anniversary of the euro
Speech by Mario Draghi, President of the European Central Bank, at the session of the plenary of the European Parliament to mark the anniversary of the euro in Strasbourg, 15 January 2019
11/01/2019
Yves Mersch: Tenth anniversary of the euro in Slovakia
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the International Conference to mark the tenth anniversary of the introduction of the euro in Slovakia, Bratislava, 11 January 2019
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07/01/2019
Luis de Guindos: Fostering resilience and convergence in Economic and Monetary Union
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the conference “Five Years with the Euro”, Latvia, 7 January 2019
18/12/2018
Luis de Guindos: Integration and convergence: from the peseta to the euro
Remarks by Luis de Guindos, Vice-President of the European Central Bank, at an event in honour of the 40th anniversary of the Spanish constitution organised by the Spanish Ministry of Economy in Madrid

All speeches

09/01/2019
Luis de Guindos: Interview with Latvian TV
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Toms Pastors on 7 January and broadcast on 9 January for Latvian TV1 “Pasaules Panorama (World Panorama”)
07/01/2019
Benoît Cœuré: Interview with France Inter
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Ali Baddou and Alexandra Bensaid and broadcast on 4 January 2019
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30/12/2018
Sabine Lautenschläger: Interview with Deutschlandfunk
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Klemens Kindermann and broadcast on 30 December 2018
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26/11/2018
Sabine Lautenschläger: Interview with Agence France-Presse
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Agence France-Presse on 22 November 2018 and published on 26 November 2018
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22/11/2018
Peter Praet: Interview with Handelsblatt
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe on 19 November 2018 and published on 23 November 2018
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All interviews

07/01/2019
Recommendation of the ECB of 7 January 2019 on dividend distribution policies  (ECB/2019/1)
03/01/2019
Opinion on the legal framework for covered bonds (CON/2019/01)
Estonia, 
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21/12/2018
Decision (EU) 2018/2049 of the ECB of 12 December 2018 on the approval of the volume of coin issuance in 2019  (ECB/2018/35)
21/12/2018
Opinion on macroprudential tools (CON/2018/58)
Spain, 
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14/12/2018
Opinion on the organisation of the functioning of the central register of bank accounts and financial transactions (CON/2018/57)
Belgium, 
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All legal acts

10 January 2019ACCOUNT

Account of December monetary policy meeting

The Governing Council underlined at its last monetary policy meeting that an ample degree of monetary accommodation was still needed and that increased caution was warranted in light of persistent uncertainties. It was confirmed that net asset purchases would end in December 2018.

Interest rates

Marginal lending facility 0.25 %
Main refinancing operations (fixed rate) 0.00 %
Deposit facility − 0.40 %
Effective from 16 March 2016

Inflation rates

Full inflation chart
Inflation dashboard

Reference rates

USD US dollar 1.1424
JPY Japanese yen 124.02
GBP Pound sterling 0.89025
CHF Swiss franc 1.1266
Last update: Tuesday, 15 January 2019 Euro foreign exchange rates

Multimedia

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

  • Unveiling of the New 100 and 200 Euro Banknotes

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

  • 20th anniversary – Staff testimonials / First Day at the ECB

  • ECB Forum on Central Banking 2018

  • How are Executive Board members chosen?

  • Interview with Vítor Constâncio. ECB Vice-President (2011 – 2018)

  • Financial Stability Review - May 2018

  • Vítor Constâncio interview on the Financial Stability Review - May 2018

  • How does the euro help Europeans do business?

  • What is ethical hacking?

  • Generation €uro Students' Award 2018

  • Communications challenges for policy effectiveness, accountability and reputation

  • Meeting the #EuroVideoChallenge finalists at the award ceremony

  • What is TARGET Instant Payment Settlement (TIPS)?

  • #ECBYouthDialogue - Dublin, Ireland

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 2017

  • Interview Vítor Constâncio on Financial Stability Review

  • EU Open Days - May 2017

  • Generation €uro Students' Award 2017

  • The new €50 banknote is now in circulation

  • How quantitative easing works

  • 15 years of the euro

  • Inside the Asset Purchase Programme

  • ECB and the Eurosystem explained in 3 min.

  • ECB Press Conference - 25 October 2018

  • European Cultural Days - 25 September 2018

  • Visit of German Federal President Steinmeier to the ECB - 26 Sep 2018

  • ECB Press Conference - 13 September 2018

  • New €100 & €200 - Security features

  • Estonian Art Vernissage - 27 June 2018

  • ECB Forum on Central Banking - 18/20 June 2018

  • ECB Press Conference - 14 June 2018

  • EU Open Day - 5 May 2018

  • Joint Conference of the European Central Bank and the European Commission - 3 May 2018

  • ECB Press Conference - 26 April 2018

  • Generation €uro Students’ Award - 10 -11 April 2018

  • Luminale: Cross Hatch - 18 March 2018

  • ECB Press Conference - 8 March 2018

  • Central Bank Communications Conference - 14-15 November 2017

  • 2017 #EuroVideoChallenge Award Ceremony in Lyon - 9 November 2017

  • European Cultural Days - 26 October 2017

  • ECB Press Conference - 26 October 2017

  • Inauguration ECB Visitor Centre – 4 October 2017

  • Sendung mit der Maus - 3 October 2017

  • #ECBYouthDialogue, Dublin - 22 September 2017

  • Opening of the Cyprus Contemporary Art Exhibition - 20 September 2017

  • ECB Press Conference - 7 September 2017

  • ECB Press Conference - 20 July 2017

  • #ECBYouthDialogue - 26 June 2017, Lisbon, Portugal

  • ECB Forum on Central Banking - Sintra, Portugal, 26-28 June 2017

  • ECB Press Conference - 8 June 2017, Tallinn

  • EU Open Day in Brussels - 6 May 2017

  • ECB Open Day for women in technical fields - 04 May 2017

  • ECB Press Conference - 27 April 2017

  • The new €50 banknote - 4 April 2017

  • Generation Euro Students' Award - 4/5 April 2017

  • Europe's digital integrated market - 31 January 2017

  • 25 November 2016 UN Orange Day

  • 17 October 2016 Cultural Days Opening Concert

  • 3 October 2016 Türen Auf!

  • Unveiling of the new €50 banknote

  • Young Economists at ECB Forum on Central Banking

  • ECB Main Building

  • Luminale 2016 - ECB's illuminated buildings

  • 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