• Speech
    A comprehensive package of measures

    The Governing Council was confronted with a more extended slowdown of the euro area economy than previously anticipated, says Executive Board member Philip R. Lane. A comprehensive package of measures was judged to be the most effective way to support the convergence of inflation to our aim.

19 September 2019 EVENT

Follow us at Sibos 2019

We are attending the financial services conference Sibos, in London from 23 to 26 September. Keep an eye on our dedicated Twitter account for all the latest updates and, if you’re at the conference, come and meet us at stand G101.

18 September 2019 ACCOUNTABILITY

Hearing at European Parliament on 23 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.

23/09/2019
Mario Draghi: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
Introductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 23 September 2019
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17/09/2019
Benoît Cœuré: Digital challenges to the international monetary and financial system
Panel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Banque centrale du Luxembourg-Toulouse School of Economics conference on “The Future of the International Monetary System”
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16/09/2019
Philip R. Lane: Reflections on monetary policy
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bloomberg, London, 16 September 2019
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Slides
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12/09/2019
Mario Draghi, Luis de Guindos: Introductory statement to the press conference (with Q&A)
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 September 2019
07/09/2019
Luis de Guindos: Growth and competitiveness in the euro area
Panel contribution by Luis de Guindos, Vice-President of the ECB, at The European House-Ambrosetti Forum, Cernobbio, 7 September 2019
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All speeches

19/09/2019
Philip R. Lane: Q&A with Bloomberg
Q&A with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Stephanie Flanders on 16 September 2019 at Bloomberg in London
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30/08/2019
Sabine Lautenschläger: Interview with Market News
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB, conducted by Luke Heighton on 28 August, and published on 30 August 2019
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09/07/2019
Philip R. Lane: Q&A on Twitter
Interview on Twitter with Philip R. Lane, Member of the Executive Board of the ECB, conducted and published on 9 July 2019
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08/07/2019
Benoît Cœuré: Interview with BFM Business TV
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Hedwige Chevrillon, published on 9 July 2019
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02/07/2019
Philip R. Lane: Interview with Yle
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Aapo Parviainen and broadcast on 1 July 2019
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All interviews

23/09/2019
Domestic versus foreign factors behind the fall in euro area industrial production
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Economic Bulletin Issue 6, 2019
23/09/2019
Derivatives transactions data and their use in central bank analysis
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Economic Bulletin Issue 6, 2019
17/09/2019
Working paper no. 2316: Stock price cycles and business cycles
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16/09/2019
Working paper no. 2315: Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area
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16/09/2019
Occasional paper no. 233: Financial stability assessment for EU candidate countries and potential candidates
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16/09/2019
The macroeconomic impact of changes in economic bank capital buffers
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16/09/2019
Thinking beyond borders: how important are reciprocity arrangements for the use of sectoral capital buffers?
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16/09/2019
Understanding the specific features of the CCyB and the SCCyB − evidence from the 3D DSGE model
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13/09/2019
AnaCredit Validation Checks – Version 1.5
Selected validation checks performed in AnaCredit datasets
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12/09/2019
ECB staff macroeconomic projections for the euro area, September 2019

All publications

16/09/2019
Decision (EU) 2019/1558 of the ECB of 12 September 2019 amending Decision (EU) 2019/1311 on a third series of targeted longer-term refinancing operations (ECB/2019/28)
05/09/2019
Opinion on the rules to be followed by financial undertakings when defining remuneration policies (CON/2019/32)
The Netherlands, 
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04/09/2019
Opinion on freedom of information (CON/2019/31)
The Netherlands, 
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28/08/2019
Decision (EU) 2019/1378 of the ECB of 9 August 2019 amending Decision ECB/2014/16 concerning the establishment of an Administrative Board of Review and its Operating Rules  (ECB/2019/27)
16/08/2019
Opinion on the sale and purchase of credit facilities (CON/2019/30)
Cyprus, 
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All legal acts

20 August 2019 EVENT

A special day for children at the ECB

Registration now open: on 3 October 2019 we will open our doors to fans of Germany’s well-known children’s show “Die Sendung mit der Maus”. Together with TV presenter Tobias Krell, children can learn about the euro, the ECB’s tasks and much more.

EXPLAINER

What is a lender of last resort?

When banks run out of short-term funding for their daily business, they can turn to their lender of last resort for help. But who is that and how does emergency lending help to stabilise the economy in times of crisis?

Interest rates

Marginal lending facility 0.25 %
Main refinancing operations (fixed rate) 0.00 %
Deposit facility − 0.50 %
Effective from 18 September 2019

Inflation rates

Full inflation chart
Inflation dashboard

Reference rates

USD US dollar 1.1030
JPY Japanese yen 119.11
GBP Pound sterling 0.88230
CHF Swiss franc 1.0942
Last update: Friday, 20 September 2019 Euro foreign exchange rates

Multimedia

  • A day at the ECB: the #EuroVideoChallenge finalists

    A day at the ECB: the #EuroVideoChallenge finalists

  • ECB Forum on Central Banking 2019

    ECB Forum on Central Banking 2019

  • Christine Lagarde: 8th ECB CESEE - Keynote speech

    Christine Lagarde: 8th ECB CESEE - Keynote speech

  • 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

  • Euro Banknotes – Our Money, Our Journey

    Euro Banknotes – Our Money, Our Journey

  • Unveiling of the New 100 and 200 Euro Banknotes

    Unveiling of the New 100 and 200 Euro Banknotes

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

    20 years of ESCB statistics: What's next?

  • How are Executive Board members chosen?

    How are Executive Board members chosen?

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

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

  • European Cultural Days - 22 August 2019

  • ECB Press Conference – 25 July 2019

  • Opening of the Croatian Art Exhibition

  • ECB Forum on Central Banking 2019

  • ECB Youth Dialogue with Benoît Cœuré, Milan

  • Model European Council - 28 & 29 March 2019

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

  • New €100 & €200 - Security features

  • Estonian Art Vernissage - 27 June 2018

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

  • 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