• Conference
    Next week – the ECB Forum on Central Banking

    Discussions at this year’s ECB Forum on Central Banking focus on price and wage-setting in advanced economies. The Forum takes place from 18 to 20 June and will be webcast live.

6 June 2018SPEECH

Monetary policy in a low interest rate environment

The underlying strength of the euro area economy persists, says Executive Board member Peter Praet. At its June meeting, the Governing Council will have to assess whether progress so far has been sufficient to warrant a gradual unwinding of the ECB’s net asset purchases.

15/06/2018
Beno?t C?uré: The euro area economic outlook and completion of EMU
Speech by Beno?t C?uré, Member of the Executive Board of the ECB, at the at the Club des Trente's "Chief Investment Officer - Chief Financial Officer" conference, Paris, 15 June 2018
14/06/2018
Mario Draghi, Luis de Guindos: Introductory statement to the press conference (with Q&A)
08/06/2018
Yves Mersch: Central bank risk management in times of monetary policy normalisation
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the International Risk Management Conference, Paris, 8 June 2018
06/06/2018
Peter Praet: Monetary policy in a low interest rate environment
Speech by Peter Praet, Member of the Executive Board of the ECB, at the Congress of Actuaries, Berlin, 6 June 2018
29/05/2018
Sabine Lautenschl?ger: Monetary policy - end of history?
Speech by Sabine Lautenschl?ger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Center for Financial Studies Colloquium, Frankfurt, 29 May 2018

All speeches

15/06/2018
Beno?t C?uré: Entretien avec Europe?1
Entretien de Beno?t C?uré, membre du directoire de la BCE, accordé à Patrick Cohen, diffusé le 15 juin 2018
29/05/2018
Vítor Constancio: Interview with Spiegel Online
Interview with Vítor Constancio, Vice-President of the ECB, conducted by Stefan Kaiser and Henning Jauernig on 22 May 2018 and published on 29 May 2018
ENGLISH
OTHER LANGUAGES (1) +
Select your language
23/05/2018
Beno?t C?uré: Interview with Die Zeit
Interview with Beno?t C?uré, Member of the Executive Board of the ECB, conducted by Lisa Nienhaus and Mark Schieritz on 16 May 2018 and published on 23 May 2018
ENGLISH
OTHER LANGUAGES (1) +
Select your language
18/05/2018
Vítor Constancio: Interview with Bloomberg TV
Interview with Vítor Constancio, Vice-President of the ECB, conducted by Paul Gordon on 17 May 2018
16/05/2018
Vítor Constancio: Interview with the Financial Times
Interview with Vítor Constancio, Vice-President of the ECB, conducted by Claire Jones on 11 May and published on 16 May 2018

All interviews

08/06/2018
Opinion on various financial law provisions  (CON/2018/29)
Belgium, 
28/05/2018
Recommendation of the ECB of 18 May 2018 to the Council of the European Union on the external auditors of Lietuvos bankas  (ECB/2018/15)
18/05/2018
Opinion on the establishment of a framework for the security of network and information systems of general interest (CON/2018/27)
Belgium, 
ENGLISH
OTHER LANGUAGES (2) +
Select your language
11/05/2018
Opinion on administrative sanctions and criminal offences in connection with the provision of false or misleading information to the Central Bank of Ireland (CON/2018/24)
Ireland, 
11/05/2018
Opinion on the governance and financial independence of the Central Bank of Cyprus (CON/2018/23)
Cyprus, 
ENGLISH
OTHER LANGUAGES (1) +
Select your language

All legal acts

8 June 2018SPEECH

Risk management and monetary policy normalisation

The Eurosystem’s risk management framework has successfully weathered the challenges of the financial crisis thanks to its stable principles, says Executive Board member Yves Mersch. In times of monetary policy normalisation we will rely on these to define the way forward.

EXPLAINER

How are Executive Board members chosen?

Have you ever wondered how our Executive Board members are appointed? Elected national representatives decide at European level who can join the Board for a non-renewable eight-year term. Find out who proposes the candidates and how they are selected.

重庆时时彩计划群

Marginal lending facility 0.25 %
Main refinancing operations (fixed rate) 0.00 %
Deposit facility − 0.40 %
Effective from 16 March 2016

Reference rates

USD US dollar 1.1596
JPY Japanese yen 128.31
GBP Pound sterling 0.87320
CHF Swiss franc 1.1575
Last update: Friday, 15 June 2018 Euro foreign exchange rates

Multimedia

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

  • Financial Stability Review - May 2018

  • Vítor Constancio 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 Constancio 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 - 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

  • Financial integration in Europe - cover image

    Financial integration in Europe

  • ESCB Legal Conference 2016 - cover image

    ESCB Legal Conference 2016

  • The international role of the euro, June 2016 - cover image

    The international role of the euro, June 2016

  • Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture - cover image

    Conference proceedings of the ECB Forum on Central Banking, Sintra 2016: The Future of the international monetary and financial architecture

  • 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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