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    Europe in a new decade

    Europe is a symbol of who we are and who we aspire to be, says President Christine Lagarde at the City of Frankfurt’s New Year’s Reception. As we enter this new decade we need to recognise how much European integration offers us internally and acknowledge how much more we can achieve externally.

20 January 2020 MONETARY POLICY

Press conference on Thursday, 23 January 2020

ECB President Christine Lagarde and Vice-President Luis de Guindos explain the Governing Council’s monetary policy decisions and answer questions from journalists.

The press conference starts at 14:30 CET.

21 January 2020 PUBLICATION

January 2020 bank lending survey results

Credit standards for loans to firms and housing loans remained broadly unchanged in Q4 2019, the latest euro area bank lending survey shows. Demand for loans to firms went down while demand for housing loans increased further. Euro area banks also reported using TLTRO-III liquidity largely for granting loans.

16/01/2020
Christine Lagarde: Frankfurt and Europe in a new decade
Speech by Christine Lagarde, President of the ECB, at the New Year’s Reception of the City of Frankfurt, 16 January 2020
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09/01/2020
Isabel Schnabel: Mehr Europa für eine stabile gemeinsame W?hrung
Vortrag von Isabel Schnabel, Mitglied des Direktoriums der EZB, beim Rotary Club Mainz-Rheinhessen, Mainz, 9 Januar 2020
09/01/2020
Philip R. Lane: Policy Frameworks and Strategies for an Open Economy
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Bank of England Workshop on "The Future of Inflation Targeting" in London, 9 January 2020
08/01/2020
Luis de Guindos: Europe’s role in the global financial system
Speech by Luis de Guindos, Vice-President of the ECB, at the SUERF/De Nederlandsche Bank Conference “Forging a new future between the UK and the EU”,
18/12/2019
Beno?t C?uré: Monetary policy: lifting the veil of effectiveness
Speech by Beno?t C?uré, Member of the Executive Board of the ECB, at the ECB colloquium on “Monetary policy: the challenges ahead” held in his honour

All speeches

08/01/2020
Christine Lagarde: Interview with “Challenges” magazine
Interview with Christine Lagarde, President of the ECB, by Pierre-Henri de Menthon and Sabine Syfuss-Arnaud
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16/12/2019
Beno?t C?uré: Interview with Libération
Interview with Beno?t C?uré, Member of the Executive Board of the ECB, conducted by Jean Quatremer on 4 December, and published on 16 December 2019
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16/12/2019
Christine Lagarde: Interview with NOS Nieuwsuur
Transcript of the interview with Christine Lagarde, President of the ECB, conducted by Mari?lle Tweebeeke, NOS Nieuwsuur, on 12 December 2019 and broadcast (in part) on 12 December 2019
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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
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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

All interviews

21/01/2020
Recommendation of the ECB of 17 January 2020 on dividend distribution policies  (ECB/2020/1)
14/01/2020
Opinion on the recovery and resolution of central counterparties (CON/2020/3)
Germany, 
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08/01/2020
Opinion on measures limiting macroprudential risks in residential property loans  (CON/2020/1)
Germany, 
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07/01/2020
Opinion on national defence (CON/2020/2)
Estonia, 
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30/12/2019
Opinion on limitations to cash payments  (CON/2019/46)
The Netherlands, 
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All legal acts

21 January 2020 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!

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 1.1088
JPY Japanese yen 121.93
GBP Pound sterling 0.84445
CHF Swiss franc 1.0757
Last update: Wednesday, 22 January 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 Beno?t C?uré visiting Vorwerk factory in Cloyes-sur-le-Loir

    Travelogue: ECB Executive Board member Beno?t C?uré 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

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