content here is the anonymously transparent proxied version of ecb.europa.eu   X
  • #ECBForum
    ECB Forum on Central Banking

    This year’s ECB Forum on Central Banking took place between 17 and 19 June. Discussions focused on the first 20 years of European Economic and Monetary Union and the future of growth in the euro area.

20 June 2019 ECONOMIC BULLETIN

ECB publishes Economic Bulletin
Issue 4, 2019

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.

Young economists’ competition 2019
19 June 2019 #ECBFORUM

Young economists’ competition 2019

A group of young economists joined our Forum on Central Banking in Sintra, Portugal. They presented their research to policymakers, academics and other participants. The prize for the best research poster was awarded to Leslie Sheng Shen – a PhD student from the United States.

18/06/2019
Mario Draghi: Twenty Years of the ECB’s monetary policy
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 18 June 2019
14/06/2019
Sabine Lautenschläger: Transformation of the retail and wholesale payments landscape in Europe
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the European Association of Co-operative Banks, Berlin, 14 June 2019
12/06/2019
Benoît Cœuré: The effects of APP reinvestments on euro area bond markets
Closing remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB’s Bond Market Contact Group meeting, 12 June 2019
12/06/2019
Mario Draghi: Welcome remarks
Speech by Mario Draghi, President of the ECB, at the 8th ECB conference on central, eastern and south-eastern European countries, Frankfurt, 12 June 2019
10/06/2019
Luis de Guindos: The euro area economy and our monetary policy stance
Remarks by Luis de Guindos, Vice-President of the ECB, during the Instituto de Empresa (IE) Business Leadership Forum at the IE Business School, Madrid, 10 June 2019

All speeches

17/06/2019
Benoît Cœuré: Interview with the Financial Times
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Claire Jones on 12 June, and published on 17 June 2019
15/06/2019
Luis de Guindos: Interview with Corriere della Sera
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Federico Fubini on 13 June 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language
31/05/2019
Peter Praet: Interview met De Tijd
Interview Peter Praet, Lid van de directie van de ECB, afgenomen door Peter de Groote en Wouter Vervenne op 22 mei en gepubliceerd op 1 juni 2019
31/05/2019
Peter Praet: Entretien avec L‘Echo
Entretien avec Peter Praet, membre du directoire de la BCE, accordé à Marc Lambrechts le 22 mai et publié le 1 juin 2019
08/05/2019
Benoît Cœuré: Interview with the Association of German Pfandbrief Banks
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, published on 8 May 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All interviews

14/06/2019
Decision (EU) 2019/976 of the ECB of 29 May 2019 laying down the principles for defining objectives and sharing feedback in joint supervisory teams and repealing Decision (EU) 2017/274 (ECB/2019/14)
12/06/2019
Opinion on the objectives and governance of the Latvian Financial and Capital Markets Commission (CON/2019/22)
Latvia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
31/05/2019
Opinion on reform of the banking and financial market supervisory regime (CON/2019/21)
Austria, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
28/05/2019
Opinion on judicial relief granted to former holders of qualified bank credit (CON/2019/20)
Slovenia, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
21/05/2019
Opinion on the revision of the legal framework of the Portuguese financial supervisory system (CON/2019/19)
Portugal, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All legal acts

18 June 2019 #ECBFORUM

Twenty years of ECB monetary policy

The theme of the 2019 ECB Forum on Central Banking is 20 years of European Economic and Monetary Union (EMU). In his introductory speech, ECB President Mario Draghi talks about the past twenty years and the future of the ECB’s monetary policy.

INSERTED BY ANOMYOUS PROXY

Civil war declaration

On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03.

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 1.1307
JPY Japanese yen 121.71
GBP Pound sterling 0.89155
CHF Swiss franc 1.1142
Last update: Thursday, 20 June 2019 Euro foreign exchange rates

Multimedia

  • Download the ECB Art App

  • Travelogue: ECB Executive Board member Benoît Cœuré visiting Vorwerk factory in Cloyes-sur-le-Loir

  • Unveiling of the New 100 and 200 Euro Banknotes

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

  • 20th anniversary – Staff testimonials / First Day at the ECB

  • ECB Forum on Central Banking 2018

  • How are Executive Board members chosen?

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

  • Financial Stability Review - May 2018

  • Vítor Constâncio interview on the Financial Stability Review - May 2018

  • How does the euro help Europeans do business?

  • What is ethical hacking?

  • Generation €uro Students' Award 2018

  • Communications challenges for policy effectiveness, accountability and reputation

  • Meeting the #EuroVideoChallenge finalists at the award ceremony

  • What is TARGET Instant Payment Settlement (TIPS)?

  • #ECBYouthDialogue - Dublin, Ireland

  • Highlights ECB Forum on Central Banking 2017

  • #ECBYouthDialogue - Lisbon 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

  • Inside the Asset Purchase Programme

  • ECB and the Eurosystem explained in 3 min.

  • ECB Press Conference - 25 October 2018

  • European Cultural Days - 25 September 2018

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

  • ECB Press Conference - 13 September 2018

  • New €100 & €200 - Security features

  • Estonian Art Vernissage - 27 June 2018

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

  • ECB Press Conference - 14 June 2018

  • EU Open Day - 5 May 2018

  • Joint Conference of the European Central Bank and the European Commission - 3 May 2018

  • ECB Press Conference - 26 April 2018

  • Generation €uro Students’ Award - 10 -11 April 2018

  • Luminale: Cross Hatch - 18 March 2018

  • ECB Press Conference - 8 March 2018

  • Central Bank Communications Conference - 14-15 November 2017

  • 2017 #EuroVideoChallenge Award Ceremony in Lyon - 9 November 2017

  • European Cultural Days - 26 October 2017

  • ECB Press Conference - 26 October 2017

  • Inauguration ECB Visitor Centre – 4 October 2017

  • Sendung mit der Maus - 3 October 2017

  • #ECBYouthDialogue, Dublin - 22 September 2017

  • Opening of the Cyprus Contemporary Art Exhibition - 20 September 2017

  • ECB Press Conference - 7 September 2017

  • 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

  • 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