• Latest ECB press conference Play Video
    Monetary policy
    Latest ECB press conference

    President Mario Draghi explained the Governing Council’s latest monetary policy decisions and answered questions from journalists at a press conference on 20 July 2017.

18 July 2017PRESS RELEASE

Increasing demand for loans in the euro area

Credit terms and conditions for loans continued to ease in the second quarter and demand increased, according to the July bank lending survey. For loans to enterprises, competitive pressure remained the main factor behind the easing.

11 July 2017SPEECH

ECB policy has stabilised the global economy

Asset purchases have successfully boosted economic growth and inflation prospects, says Executive Board member Benoît Cœuré. Far from “beggaring its neighbours”, the monetary easing by the ECB has stabilised the global economy.

20/07/2017
Mario Draghi, Vítor Constâncio: Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 20 July 2017
11/07/2017
Benoît Cœuré: The international dimension of the ECB’s asset purchase programme
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Foreign Exchange Contact Group meeting, 11 July 2017
07/07/2017
Yves Mersch: Retail payments in Europe: the benefits of good governance
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the 10th jubilee conference on payments and market infrastructures, “Drivers of European Payment Integration: Innovations and Cooperation”, Ohrid, 7 July 2017
06/07/2017
Peter Praet: Europe’s economic recovery and implications for monetary policy
Remarks by Peter Praet, Member of the Executive Board of the ECB, at the International Conference of Commercial Bank Economists (ICCBE) in France, Paris, 6 July 2017
04/07/2017
Yves Mersch: Loan-level data transparency: achievements and future prospects
Speech by Yves Mersch, Member of the Executive Board of the ECB, 5th Anniversary European Data Warehouse, Frankfurt, 4 July 2017

All speeches

08/07/2017
Peter Praet: Interview with De Standaard
Interview with Peter Praet, Member of the Executive Board of the ECB, conducted by Pascal Dendooven and Goele De Cort on 3 July 2017, published on 8 July 2017
ENGLISH
OTHER LANGUAGES (1) +
Select your language
07/07/2017
Benoît Cœuré: Interview with Le Monde and La Stampa
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Marie Charrel (Le Monde) and Alessandro Barbera (La Stampa), on 3 July, published on 7 July 2017
ENGLISH
OTHER LANGUAGES (2) +
Select your language
05/07/2017
Vítor Constâncio: We need a coordinated European NPL strategy - How to deal with Europe’s market for lemons?
Opinion piece by Vítor Constâncio, Vice-President of the ECB, 5 July 2017
04/07/2017
Sabine Lautenschläger: Interview with the Financial Times
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Claire Jones and Caroline Binham and published on 4 July 2017
28/06/2017
Vítor Constâncio: Interview with CNBC
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Annette Weisbach in Sintra on 27 June, published 28 June 2017

All interviews

17/07/2017
Decision of the ECB of 23 June 2017 amending Decision ECB/2012/6 on the establishment of the TARGET2-Securities Board  (ECB/2017/20)
17/07/2017
Guideline of the ECB of 23 June 2017 amending Guideline ECB/2012/13 on TARGET2-Securities (ECB/2017/19)
12/07/2017
Decision (EU) 2017/1258 of the ECB of 5 July 2017 on the delegation of decisions on the transmission of confidential statistical information to the Single Resolution Board (ECB/2017/22)
11/07/2017
Opinion on limitation of cash payments (CON/2017/27)
Bulgaria, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
30/06/2017
Decision (EU) 2017/1198 of the ECB of 27 June 2017 on the reporting of funding plans of credit institutions by national competent authorities to the ECB (ECB/2017/21)

All legal acts

6 July 2017#EUROVIDEOCHALLENGE

Tell us your story!

The #EuroVideoChallenge has now started! If you’re aged 18-30, take part by submitting an original video on an economic topic related to the ECB’s activities and you could win a trip to Lyon and a cash prize! Enter by 24 September 2017.

EXPLAINER

What are non-performing loans (NPLs)?

Loans are considered “non-performing” when more than 90 days have passed without the borrower paying the agreed instalments. Why are bad loans an issue for banks and how does bad debt affect monetary policy?

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 1.1485
JPY Japanese yen 128.92
GBP Pound sterling 0.88718
CHF Swiss franc 1.1039
Last update: Thursday, 20 July 2017 Euro foreign exchange rates

Multimedia

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 2017

  • Breaking internal barriers for women | Celia de Anca - 12 June 2017

  • Why we need more diversity to solve complex problems | Scott Page - 12 June 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

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB and the Eurosystem explained in 3 min.

  • 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

  • Financial integration in Europe - cover image

    Financial integration in Europe

  • ESCB Legal Conference 2016 - cover image

    ESCB Legal Conference 2016

  • The international role of the euro, June 2016 - cover image

    The international role of the euro, June 2016

  • Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture - cover image

    Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture

  • 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