• Developing models for policy analysis in central banks
    Speech
    Developing models for policy analysis in central banks

    Central banks use a variety of models for their policy analysis. Insights from academic research can be of great help in the development of these models, says Vice-President Vítor Constâncio in his opening remarks at the Second ECB Annual Research Conference in Frankfurt.

Risk and non-conventional monetary policy
25 September 2017SPEECH

Risk and non-conventional monetary policy

Non-standard monetary measures were necessary for achieving the ECB's mandate, says Executive Board member Yves Mersch at the Joint Banco de Portugal and European Central Bank Conference in Lisbon. Risks must be measured prudently and objectively, he adds.

Second ECB Annual Research Conference
22 September 2017CONFERENCE

Second ECB Annual Research Conference

The ECB is holding its second Annual Research Conference on 25 and 26 September in Frankfurt. This brings together leading academics in the fields of monetary economics and finance.

The Jean Monnet Lecture will be given by Nobel Prize laureate Peter Diamond and webcast live.

25/09/2017
Mario Draghi: Hearing of 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, 25 September 2017
ENGLISH
25/09/2017
Yves Mersch: Risk management in times of non-conventional monetary policy
Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the Joint Banco de Portugal and European Central Bank Conference on Risk Management for Central Banks, Lisbon, 25 September 2017
ENGLISH
25/09/2017
Vítor Constâncio: Developing models for policy analysis in central banks
Opening speech by Vítor Constâncio, Vice-President of the ECB, at the Annual Research Conference, Frankfurt am Main, 25-26 September 2017
ENGLISH
22/09/2017
Vítor Constâncio: Macroprudential stress-tests and tools for the non-bank sector
Prepared remarks by Vítor Constâncio, Vice-President of the ECB, at the ESRB Annual Conference, Frankfurt am Main, 22 September 2017
ENGLISH
22/09/2017
Vítor Constâncio: Understanding and overcoming low inflation
Remarks by Vítor Constâncio, Vice-President of the ECB, at the Conference on “Understanding inflation: lessons from the past, lessons for the future?”, Frankfurt am Main, 21 and 22 September 2017
ENGLISH

All speeches

20/09/2017
Vítor Constâncio: Interview with Euronews
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Efthymia Koutsokosta on 15 September and published on 20 September
ENGLISH
16/09/2017
Peter Praet: Interview with De Tijd
Interview Peter Praet, Member of the Executive Board of the ECB, conducted by Wouter Vervenne and Bart Haeck on 13 September and published on 16 September 2017
ENGLISH
OTHER LANGUAGES (1) +
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NederlandsNL
12/09/2017
Benoît Cœuré: Europe’s moment
Opinion piece by Benoît Cœuré, Member of the Executive Board of the ECB, published by Börsen-Zeitung, 12 September 2017
ENGLISH
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DeutschDE
01/09/2017
Yves Mersch: The role of cash: Customer retention and tie to the citizen
Contribution by Yves Mersch, Member of the Executive Board of the ECB, 1 September 2017
ENGLISH
23/08/2017
Vítor Constâncio: Investment and Growth in Advanced Economies: Selected Takeaways from the ECB’s Sintra Forum
Contribution of Vítor Constâncio, Philipp Hartmann and Peter McAdam for VoxEU
ENGLISH

All interviews

20/09/2017
Opinion on interbank clearing and settlements (CON/2017/37)
Poland, 
ENGLISH
OTHER LANGUAGES (1) +
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PolskiPL
20/09/2017
Opinion on a proposal for a regulation of the European Parliament and of the Council on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, and (EU) 2015/2365 (CON/2017/38)
ENGLISH
19/09/2017
Recommendation of the ECB of 8 September 2017 to the Council of the European Union on the external auditors of Národná banka Slovenska  (ECB/2017/27)
ENGLISH
OTHER LANGUAGES (22) +
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БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
19/09/2017
Regulation (EU) 2017/1538 of the ECB of 25 August 2017 amending Regulation (EU) 2015/534 on reporting of supervisory financial information (ECB/2017/25)
ENGLISH
OTHER LANGUAGES (22) +
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БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
11/09/2017
Opinion on the legal framework for covered bonds, reporting of credit data, macroprudential powers and tools, and SSM common procedures (CON/2017/36)
Slovakia, 
ENGLISH
OTHER LANGUAGES (1) +
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SlovenčinaSK

All legal acts

Hearing at European Parliament on 25 September
24 September 2017ACCOUNTABILITY

Hearing at European Parliament on 25 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 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 1.1867
JPY Japanese yen 133.19
GBP Pound sterling 0.87938
CHF Swiss franc 1.1562
Last update: Monday, 25 September 2017 Euro foreign exchange rates

Financial stability

Market operations

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