• Hearing at European Parliament on 2 December
    Accountability
    Hearing at European Parliament on 2 December

    President Christine Lagarde spoke before the European Parliament’s Committee on Economic and Monetary Affairs and answered questions from its members.

The euro: a tale of two decades
29 November 2019 PODCAST

The euro: a tale of two decades

What was it like when the euro was launched in 1999? Where will the euro be in another 20 years? Our host Michael Steen talks about these questions and more with Erkki Liikanen, Martin Wolf and Siria Angino. Listen, subscribe and let us know what you think!

Decarbonisation: equity markets do it better
27 November 2019 RESEARCH

Decarbonisation: equity markets do it better

Any country that wants to decarbonise its economy should promote green finance initiatives and develop its equity markets, our latest Research Bulletin shows. Equity investment can contribute to the transition to low-carbon economies by stimulating innovation that leads to greener technologies being adopted.

03/12/2019
Benoît Cœuré: The single currency: an unfinished agenda
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB Representative Office in Brussels, 3 December 2019
English
02/12/2019
Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament
English
Transcript of the hearing
Multiple languages
29/11/2019
Luis de Guindos: Closing remarks
Closing remarks by Luis de Guindos, Vice-President of the ECB, at the VIII High-level Policy Dialogue between Eurosystem and Latin American central banks
English
28/11/2019
Philip R. Lane: Determinants of the real interest rate
Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the National Treasury Management Agency
English
28/11/2019
Benoît Cœuré: Economics as a profession: from science to practice
Remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the PSE job forum, Paris School of Economics
English

All speeches

02/12/2019
Luis de Guindos: Interview with El Mundo
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Pablo Rodríguez Suanzes on 25 November 2019
English
OTHER LANGUAGES (1) +
Select your language
EspañolES
23/11/2019
Philip R. Lane: Interview with Sky TG24
Transcript of the interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Alessandro Marenzi, Sky TG24, with the participation of Federico Fubini, Corriere della Sera, and Franco Bruni, Bocconi University, broadcast on 23 November 2019
English
20/11/2019
Philip R. Lane: Q&A with Fortune
Q&A with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Maithreyi Seetharaman on 18 November 2019 at Fortune Global Forum
English
20/11/2019
Philip R. Lane: Interview with La Repubblica
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni on 14 November 2019
English
12/11/2019
Luis de Guindos: Interview with Börsen-Zeitung
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Mark Schrörs and Detlef Fechtner on 5 November 2019 and published on 12 November
English
OTHER LANGUAGES (1) +
Select your language
DeutschDE

All interviews

26/11/2019
Opinion on the requirement for certain credit institutions and branches to provide cash services (CON/2019/41)
Sweden, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
SvenskaSV
26/11/2019
Opinion on increasing the special levy on selected financial institutions  (CON/2019/40)
Slovakia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
SlovenčinaSK
20/11/2019
Opinion on tax disincentives for the use of cash (CON/2019/39)
Greece, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
EλληνικάEL
11/11/2019
Opinion on the security of network and information systems (CON/2019/38)
Spain, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
EspañolES
31/10/2019
Opinion on a proposal for a regulation on a governance framework for the budgetary instrument for convergence and competitiveness for the euro area  (CON/2019/37)
ENGLISH

All legal acts

Financial stability environment remains challenging
20 November 2019 PUBLICATION

Financial stability environment remains challenging

Key vulnerabilities in the euro area financial system include the potential for future asset price corrections, ongoing debt sustainability concerns, growing bank profitability challenges and increased risk-taking by non-banks.

New signature for euro banknotes
BANKNOTES

New signature for euro banknotes

Euro banknotes are part of our economy, identity and culture. Each one bears the signature of one of the former presidents of the ECB. Banknotes featuring President Lagarde’s signature will gradually enter into circulation next year.

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 1.1094
JPY Japanese yen 120.44
GBP Pound sterling 0.84453
CHF Swiss franc 1.0968
Last update: Friday, 06 December 2019 Euro foreign exchange rates

Financial stability

Market operations

Multimedia

  • Christine Lagarde, President of the ECB, signing the euro banknotes, 28 November 2019

    Christine Lagarde, President of the ECB, signing the euro banknotes, 28 November 2019

  • ECB Press Conference, 24 October 2019

    ECB Press Conference, 24 October 2019

  • The ECB explains: crypto-assets

    The ECB explains: crypto-assets

  • ECB Forum on Central Banking 2019

    ECB Forum on Central Banking 2019

  • 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?

  • ECB Interview with Cornelia Holthausen

    ECB Interview with Cornelia Holthausen

  • New signature for euro banknotes - 28 November 2019

    New signature for euro banknotes - 28 November 2019

  • Christine Lagarde's Keynote Speech - European Banking Congress 2019

    Christine Lagarde's Keynote Speech - European Banking Congress 2019

  • Farewell President Draghi - 28 October 2019

    Farewell President Draghi - 28 October 2019

  • ECB Conference on Gender and Career Progression - 21 October 2019

    ECB Conference on Gender and Career Progression - 21 October 2019

  • European Cultural Days of the ECB: Museumssalon - October 23 2019

    European Cultural Days of the ECB: Museumssalon - October 23 2019

  • ECB Press Conference - 24 October 2019

    ECB Press Conference - 24 October 2019

  • European Cultural Days of the ECB: Museumssalon - October 23 2019

    European Cultural Days of the ECB: Museumssalon - October 23 2019

  • European Cultural Days -10 October 2019

    European Cultural Days -10 October 2019

  • Sendung mit der Maus Tag der offenen Tür - 3 October 2019

    Sendung mit der Maus Tag der offenen Tür - 3 October 2019

  • ECB Press Conference – 12 September 2019

    ECB Press Conference – 12 September 2019

  • 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