• Speech
    Working together for an effective EU

    Mario Draghi, President of the ECB, receives the De Gasperi award and highlights the EU’s need to promote the values of a free, open society, to remain inclusive and to face up to the many challenges of the 21st century jointly.

  • Interview
    Secular stagnation is not inevitable

    We are facing serious adjustment difficulties as a result of the slowdown in productivity. But this slowdown can be managed by structural reforms, says Executive Board member Peter Praet to L’Opinion newspaper.

22 September 2016ECONOMIC BULLETIN

ECB publishes Economic Bulletin
Issue 6, 2016

The Economic Bulletin presents the economic and monetary information which forms the basis for the Governing Council’s policy decisions.

It is released eight times a year, two weeks after each monetary policy meeting.

21 September 2016CONFERENCE

First ECB Annual Research Conference

The global financial crisis has spurred renewed interest in research on central banking issues. This conference will be the ECB’s main research event covering the fields of monetary economics and finance, and will take place on 28 and 29 September in Frankfurt.

23/09/2016
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
August – September 2016
19/09/2016
Statistical press release: Euro area monthly balance of payments (July 2016)
14/09/2016
ECB publishes indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2017 and 2018
12/09/2016
Statistical press release: Euro area securities issues statistics
08/09/2016
Monetary policy decisions
01/09/2016
Statistical press release: MFI interest rate statistics
26/08/2016
Statistical press release: Monetary developments in the euro area
24/08/2016
ECB publishes Consolidated Banking Data for end-March 2016
18/08/2016
Statistical press release: Euro area monthly balance of payments (June 2016)

All press releases

22/09/2016
Mario Draghi:  Welcome address
Speech by Mario Draghi, President of the ECB and Chair of the European Systemic Risk Board, 
at the first annual conference of the ESRB, 
Frankfurt am Main, 22 September 2016
ENGLISH
OTHER LANGUAGES (5) +
19/09/2016
Yves Mersch:  Banks adapting to the new normal: Striking a balance between prudence and pragmatism
Speech by Yves Mersch, Member of the Executive Board of the ECB, 
Dinner Speech at the Mandarine Gestion Investment Conference, 
Munich, 19 September 2016
ENGLISH
OTHER LANGUAGES (1) +
Select your language
15/09/2016
Benoît Cœuré:  The Case for Rethinking International Capital Flows
Dinner speech by Benoît Cœuré, Member of the Executive Board of the ECB, SUERF/PSE/CEPII Conference on "Rethinking Capital Controls and Capital Flows", 
Paris, 15 September 2016
15/09/2016
Peter Praet:  Remarks at the BNYM 20th anniversary dinner on the dynamics of TARGET2 balances and monetary policy implementation
Dinner address by Peter Praet, Member of the Executive Board of the ECB, at the BNYM 20th anniversary, 
Brussels, 15 September 2016
13/09/2016
Sabine Lautenschläger:  Monetary policy in uncertain times – the ECB and the crisis
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Parliamentary evening in Strasbourg, 13 September 2016
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All speeches

20/09/2016
Peter Praet:  Interview with L'Opinion
Interview of Peter Praet, Member of the Executive Board of the ECB, conducted by Luc de Barochez on 15 September, and published on 20 September
ENGLISH
OTHER LANGUAGES (1) +
Select your language
07/09/2016
Yves Mersch:  Reaching for perfection – building the market infrastructure of tomorrow
Opinion piece by Yves Mersch, Member of the Executive Board of the ECB, 
Eurofi Magazine, 7 September 2016
16/08/2016
Benoît Cœuré:  Further strengthening the resilience of financial plumbing
Opinion piece by Benoît Cœuré, Member of the Executive Board of the ECB, and chairman of the Committee on Payments and Market Infrastructures (CPMI), 
and Ashley Alder, chairman of the board of the International Organization of Securities Commissions (Iosco), 
published by the Financial Times, 16 August 2016
18/07/2016
Sabine Lautenschläger:  Interview with Expansión
Interview of Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Alicia Crespo on 7 July 2016, and published on 18 July 2016
ENGLISH
OTHER LANGUAGES (1) +
Select your language
05/07/2016
Sabine Lautenschläger:  Interview mit International Bankers Forum
Interview mit Sabine Lautenschläger, Mitglied des Direktoriums der EZB und stellvertretende Vorsitzende des Aufsichtsgremiums des einheitlichen Aufsichtsmechanismus, 
geführt am 23. Mai 2016 und veröffentlicht am 5. Juli 2016

All interviews

22/09/2016
Economic Bulletin Issue 6, 2016
22/09/2016
What accounts for the recent decoupling between the euro area GDP deflator and the HICP excluding energy and food? (Economic Bulletin Issue 6, 2016)
22/09/2016
Liquidity conditions and monetary policy operations in the period from 27 April to 26 July 2016 (Economic Bulletin Issue 6, 2016)
22/09/2016
Financing constraints in euro area regions (Economic Bulletin Issue 6, 2016)
21/09/2016
The employment-GDP relationship since the crisis (Economic Bulletin Issue 6, 2016)

All publications

23/09/2016
Regulation (EU) 2016/1705 of the ECB of 9 September 2016 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves  (ECB/2016/26)
19/09/2016
Opinion on the role of Národná banka Slovenska in reporting on insurance premium levy (CON/2016/45)
Slovakia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
12/09/2016
Opinion on a proposal for a Regulation amending Regulation (EU) No 345/2013 on European venture capital funds and Regulation (EU) No 346/2013 on European social entrepreneurship funds (CON/2016/44)
07/09/2016
Opinion on the role of the Financial Supervisory Authority’s representative on the ECB’s Supervisory Board, and on supervision fees (CON/2016/43)
Finland, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
31/08/2016
Opinion on the Banca d’Italia's circular implementing the reform of Italian cooperative banks (CON/2016/41)
Italy, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All legal acts

22 September 2016ACCOUNTABILITY

Hearing at European Parliament on 26 September

Mario Draghi, President of the ECB, speaks before the European Parliament’s Committee on Economic and Monetary Affairs and answers questions from its Members.

The quarterly hearing starts at 15:00 CET.

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 icon arrow up 1.1214
JPY Japanese yen icon arrow up 113.02
GBP Pound sterling icon arrow up 0.86435
CHF Swiss franc icon arrow up 1.0887
Last update: Friday, 23 September 2016 Euro foreign exchange rates

Multimedia

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB President Mario Draghi explains TLTRO II

  • Discover the new 20 euro banknote

  • Living in Frankfurt. Working for the ECB

  • New ECB premises: time-lapse video of the construction process

  • Collateral management - the role of the Eurosystem

  • TARGET balances in 8 minutes

  • ECB and the Eurosystem explained in 3 min.

  • 08 September 2016 Press Conference

  • 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

  • ECB statistics: a brief overview - cover image

    ECB statistics: a brief overview

  • Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI - cover image

    Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI

  • 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

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

    The international role of the euro, June 2016

  • 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