Annual Report

The Annual Report describes the tasks and activities of the European System of Central Banks (ESCB) and reports on the Eurosystem’s monetary policy. It is usually published in April of the following year and is presented by one of the ECB’s Executive Board members to the European Parliament at a public hearing. The Annual Report includes the Annual Accounts of the ECB. These are also published as a separate document several weeks before the Annual Report.

2018
In key figures
1.8%

economic growth

Euro area output continued to expand in 2018, although at a slower pace than in 2017. The slower growth was due to a weakening of global trade, as well as some country and sector-specific developments.

1.7%

inflation heading towards our objective

Average headline inflation in the euro area increased further, supported by higher energy prices and, to a lesser extent, higher food prices.

<10 seconds

real-time payments across Europe, around the clock

With the launch of TIPS – the Eurosystem’s instant payment settlement service – in November 2018, individuals and firms can now send and receive money in less than ten seconds.

Reporting obligations

The ECB is an independent institution which has discretion to use its intruments as necessary to carry out its tasks and fulfil its mandate. Accountability is the necessary counterpart to that independence.

1 April 2019
Annual Report 2018
9 April 2018
Annual Report 2017
10 April 2017
Annual Report 2016
7 April 2016
Annual Report 2015
20 April 2015
Annual Report 2014
7 April 2014
Annual Report 2013
24 April 2013
Annual Report 2012
25 April 2012
Annual Report 2011
2 May 2011
Annual Report 2010
19 April 2010
Annual Report 2009
21 April 2009
Annual Report 2008
21 April 2008
Annual Report 2007
23 April 2007
Annual Report 2006
25 April 2006
Annual Report 2005
26 April 2005
Annual report 2004
8 April 2004
Annual Report 2003
1 April 2003
Annual Report 2002
1 April 2002
Annual Report 2001
1 May 2001
Annual report 2000
1 April 2000
Annual Report 1999
1 April 1999
Annual Report 1998
4 May 1998
Annual Report 1997
24 April 1997
Annual Report 1996
1 April 1995
Annual Report 1994
1 April 1993
Annual Report 1992
1 April 1992
Annual Report 1991
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