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  • Speech
    Fabio Panetta on economic integration

    Expansion of the euro area should be accompanied by political and economic efforts to deepen it, says Executive Board member Fabio Panetta. Speaking at the European Parliamentary Week, he discusses ways to harness the benefits of economic integration.

14 February 2020 INTERVIEW

ECB policies continue to be effective

Without ECB policies disinflationary pressures would be more severe, explains Philip R. Lane in an interview with RTÉ. We are still in the legacy of the crisis and countries with fiscal space can do more to accelerate recovery.

13 February 2020 PUBLICATION

Confidentiality and auditability in distributed ledgers

It’s important to consider privacy when sharing transaction information using distributed ledger technology (DLT). The latest report from our joint research project with the Bank of Japan explores privacy enhancing technologies and techniques which can improve confidentiality and auditability.

18/02/2020
Fabio Panetta: Deepening and widening Economic and Monetary Union: finding the right speed
Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the European Parliamentary Week
17/02/2020
Philip R. Lane: The analytical contribution of external statistics: addressing the challenges
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Joint European Central Bank, Irving Fisher Committee and Banco de Portugal conference on “Bridging measurement challenges and analytical needs of external statistics: evolution or revolution?”
11/02/2020
Philip R. Lane: Low inflation: macroeconomic risks and the monetary policy stance
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the financial markets workshop of the Economic Council (Finanzmarktklausur des Wirtschaftsrats der CDU)
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11/02/2020
Isabel Schnabel: Narratives about the ECB’s monetary policy – reality or fiction?
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Juristische Studiengesellschaft
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11/02/2020
Christine Lagarde: Debate about the Annual Report
Introductory statement by Christine Lagarde, President of the ECB, on the occasion of the presentation of the ECB Annual Report 2018 at the European Parliament

All speeches

14/02/2020
Philip R. Lane: Interview with RTÉ (Ireland’s National Television and Radio Broadcaster)
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Robert Shortt on 13 February 2020 and broadcast (in part) on 13 February 2020
11/02/2020
Isabel Schnabel: Interview with Die Welt
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Anja Ettel and Holger Zschäpitz on 10 February 2020, published on 11 February 2020
English
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10/02/2020
Luis de Guindos: Interview with Expansión
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Andrés Stumpf on 6 February 2020 and published on 10 February 2020
English
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03/02/2020
Luis de Guindos: Interview with ERT TV (Hellenic Broadcasting Corporation)
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Rallou Alexopoulou on 3 February 2020 and broadcast (in part) on 3 February 2020
02/02/2020
Philip R. Lane: Interview with Financial Times
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Arnold on 27 January, and published on 2 February 2020

All interviews

05/02/2020
Opinion on the Supervisory Board of Eesti Pank (CON/2020/7)
Estonia, 
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03/02/2020
Opinion on changes to the governance of De Nederlandsche Bank and the formal establishment of the Financial Stability Committee (CON/2020/6)
The Netherlands, 
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01/02/2020
Agreement of 22 January 2020 between the ECB and the national central banks of the Member States outside the euro area amending the Agreement of 16 March 2006 between the ECB and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in stage three of Economic and Monetary Union
30/01/2020
Opinion on the right of insolvency administrators and liquidators of credit institutions to hold funds in an account in Latvijas Banka (CON/2020/4)
Latvia, 
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30/01/2020
Opinion on the sanctioning powers of BNB within close cooperation and the official exchange rate of the Bulgarian lev (CON/2020/5)
Bulgaria, 
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All legal acts

11 February 2020 SPEECH

The facts about the ECB’s monetary policy

Unfounded criticism of the ECB jeopardises trust in our single monetary policy and undermines European cohesion, says Executive Board member Isabel Schnabel in a speech in Karlsruhe. She looks at some dominant narratives in Germany and discusses them in light of the facts.

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.

PODCAST

Supervising banks: profits, transparency and Brexit

Why do we need banking supervision at the European level? What are the supervisory challenges posed by Brexit? Our host Michael Steen talks about these questions and more with Andrea Enria, Pien van Erp Taalman Kip and Linette Field. Listen, subscribe and let us know what you think!

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 1.0816
JPY Japanese yen 118.70
GBP Pound sterling 0.82985
CHF Swiss franc 1.0619
Last update: Tuesday, 18 February 2020 Euro foreign exchange rates

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 Governing Council Press Conference - 12 December 2019

    ECB Governing Council Press Conference - 12 December 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

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

  • Farewell President Draghi - 28 October 2019

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

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

  • ECB Press Conference - 24 October 2019

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

  • European Cultural Days -10 October 2019

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