content here is the anonymously transparent proxied version of ecb.europa.eu   X
  • Speech
    Low inflation and the rise of services

    The shift of production and consumption away from goods and towards services helps explain why inflation in advanced economies is responding more slowly to monetary policy than it did a few decades ago, says Executive Board member Benoît Cœuré.

15 May 2019 PRESS RELEASE

Call for feedback on EONIA to €STR legal action plan

The working group on euro risk-free rates is seeking feedback on a legal action plan for the transition from EONIA to €STR, including recommendations addressing the legal implications for new and legacy contracts referencing EONIA.

Deadline for comments is 17:00 CET on 12 June.

16 May 2019 SPEECH

EMU and the international role of the euro

Deeper financial integration will strengthen Economic and Monetary Union and help us to complete the banking union and capital markets union, says ECB Vice-President Luis de Guindos. Achieving developed, integrated EU markets will ultimately enhance the international role of the euro.

21/05/2019
Luis de Guindos: Global financial regulation: where next? Pending tasks for regulators and macroprudential policy makers
Speech by Luis de Guindos, Vice-President of the ECB, London City Week, London, 21 May 2019
16/05/2019
Benoît Cœuré: The rise of services and the transmission of monetary policy
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the 21st Geneva Conference on the World Economy, 16 May 2019
16/05/2019
Luis de Guindos: Deepening EMU and the implications for the international role of the euro
Speech by Luis de Guindos, Vice-President of the ECB, at the occasion of the joint conference of the European Commission and the European Central Bank on European financial integration and stability, Brussels, 16 May 2019
15/05/2019
Peter Praet: On the importance of institutions as provider of stability and protection in an uncertain world
Speech by Peter Praet, Member of the Executive Board of the ECB, Steptoe Brussels Open Conference Series, Brussels, 15 May 2019
15/05/2019
Benoît Cœuré: Exchange of views with members of the French Parliament
Introductory remarks by Benoît Cœuré, Member of the Executive Board of the ECB, prior to an informal exchange of views with the Finance Committee of the National Assembly, Paris, 15 May 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All speeches

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
23/04/2019
Benoît Cœuré: Interview with Frankfurter Allgemeine Zeitung
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Johannes Pennekamp and Philip Plickert on 17 April 2019 and published on 23 April 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language
02/04/2019
Benoît Cœuré: Interview with Risques
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Jean-Hervé Lorenzi, François-Xavier Albouy, Arnaud Chneiweiss, Pierre-Charles Pradier and Philippe Trainar, on 4 February 2019 and published on 2 April 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language
01/04/2019
Sabine Lautenschläger: Interview with Der Standard
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB, conducted by András Szigètvari on 27 March 2019 and published on 1 April 2019
ENGLISH
OTHER LANGUAGES (1) +
Select your language
29/03/2019
Peter Praet: Interview with Bloomberg TV
Interview of Peter Praet, Member of the Executive Board of the ECB, conducted by Jana Randow on 27 March 2019 and broadcast on 28 March 2019

All interviews

13/05/2019
Guideline of the ECB of 10 May 2019 amending Guideline (EU) 2015/510 on the implementation of the Eurosystem monetary policy framework  (ECB/2019/11)
13/05/2019
Guideline of the ECB of 10 May 2019 amending Guideline ECB/2014/31 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2019/13)
13/05/2019
Guideline of the ECB of 10 May 2019 amending Guideline (EU) 2016/65 on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2019/12)
10/05/2019
Opinion on the tax on banks’ financial assets and the interest rate benchmark for consumer credit agreements  (CON/2019/18)
Romania, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language
02/05/2019
Opinion on the security of network and information systems (CON/2019/17)
Cyprus, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All legal acts

#NewBanknotes: made to last
29 April 2019 BANKNOTES

#NewBanknotes: made to last

New €100 and €200 banknotes will enter into circulation on 28 May 2019, completing the Europa series. They have enhanced security features and are as durable as always. Watch our video to see how we test banknotes to ensure they are strong enough to last.

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 1.1161
JPY Japanese yen 123.27
GBP Pound sterling 0.87610
CHF Swiss franc 1.1274
Last update: Tuesday, 21 May 2019 Euro foreign exchange rates

Multimedia

  • 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