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  • Interview
    The recovery – albeit modest – is robust

    Monetary policy and energy prices have been key to driving a modest but robust economic recovery, ECB President Mario Draghi tells El País in an interview. He also discusses how the asset purchase programme is working, how the central bank deals with political uncertainty and the prospects for European integration.

30 November 2016PUBLICATION

Small companies have improved access to finance

Small and medium-sized companies in the euro area are seeing improvements in their financial situation and in their access to finance, the Survey on the Access to Finance of Enterprises (SAFE) shows. The companies reported an increased willingness of banks to provide credit at lower interest rates.

30 November 2016SPEECH

The productivity challenge for Europe

While the euro area economy continues to expand at a moderate pace, productivity growth has remained low. Structural reforms are therefore necessary to unlock unused labour potential and reap the full benefits of the Single Market, says President Mario Draghi.

02/12/2016
Statement by Commission and ECB staff following the conclusion of the sixth post-programme surveillance mission to Ireland
02/12/2016
Statistical press release: MFI interest rate statistics
30/11/2016
Foundation laid for pan-European instant payment solutions
30/11/2016
Report on the results of the Survey on the Access to Finance of Enterprises in the Euro Area – April to September 2016
28/11/2016
Statistical press release: Monetary developments in the euro area
24/11/2016
ECB participates in United Nations International Day for the Elimination of Violence against Women
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24/11/2016
Global risk repricing endangers financial stability
21/11/2016
Statistical press release: Euro area investment fund statistics
21/11/2016
Statistical press release: Euro area financial vehicle corporation statistics
18/11/2016
Statistical press release: Euro area monthly balance of payments (September 2016)

All press releases

30/11/2016
Mario Draghi:  The productivity challenge for Europe
Lectio magistralis by Mario Draghi, President of the ECB, marking the 100th anniversary of the Deusto Business School, 
Madrid, 30 November 2016
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28/11/2016
Mario Draghi:  Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement of Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 28 November 2016
28/11/2016
Benoît Cœuré:  Greece: progress achieved and challenges ahead
Keynote speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the American-Hellenic Chamber of Commerce conference on “Greece and the global disruptive environment: A look into the future”, 
Athens, 28 November 2016
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24/11/2016
Peter Praet:  The importance of a genuine banking union for monetary policy
Speech by Peter Praet, Member of the Executive Board of the ECB, 
at the EMU Forum 2016, Oesterreichische Nationalbank, Vienna, 24 November 2016
21/11/2016
Mario Draghi:  Introductory statement to the plenary debate of the European Parliament on the ECB’s Annual Report 2015
Mario Draghi, President of the ECB, 
Strasbourg, 21 November 2016

All speeches

30/11/2016
Mario Draghi:  Interview with El País
Interview with Mario Draghi, President of the ECB, 
conducted by Xavier Vidal-Folch and Claudi Pérez on 23 November and published on 30 November 2016
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26/11/2016
Benoît Cœuré:  Interview with Efimerida ton Syntakton
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Vasilis Georgas on 26 November 2016
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11/11/2016
Benoît Cœuré:  Interview with Le Progrès de Lyon and EBRA newspaper group
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, 
conducted by Frank Viart of Le Progrès de Lyon and published by EBRA newspaper group (L’Alsace, Les Dernières Nouvelles d’Alsace, Le Républicain Lorrain, L’Est Républicain, Vosges Matin, Le Bien Public, Le Journal de Saône-et-Loire, Le Progrès de Lyon, Le Dauphiné Libéré and Vaucluse Matin) on 11 November 2016
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08/11/2016
Benoît Cœuré:  Low interest rates are not inevitable
Opinion piece by Benoît Cœuré, Member of the Executive Board of the ECB, 
Les Echos, 9 November 2016
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02/11/2016
Sabine Lautenschläger:  Interview with Süddeutsche Zeitung
Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 
conducted by Meike Schreiber and Markus Zydra and published on 2 November 2016
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All interviews

30/11/2016
European Union Balance of Payments and International Investment Position statistical sources and methods
30/11/2016
Survey on the Access to Finance of Enterprises in the euro area - April to September 2016
29/11/2016
Letter from the ECB President to Mr Borghezio, MEP, on high-denomination euro banknotes
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29/11/2016
Letter from the ECB President to Mr Fernández, MEP, on monetary policy
24/11/2016
Financial Stability Review November 2016

All publications

30/12/2016
Decision of the ECB of 30 November 2016 on the approval of the volume of coin issuance in 2017 (ECB/2016/43)
30/11/2016
Opinion on the reimbursement of the costs for the operation of the central credit register and the register of bank accounts (CON/2016/57)
Bulgaria, 
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18/11/2016
Opinion on reserve ratios (CON/2016/56)
Hungary, 
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17/11/2016
Opinion on a draft law abolishing the State guarantee provided in connection with emergency liquidity assistance (CON/2016/55)
Belgium, 
17/11/2016
Opinion on the conferral of powers on the Central Bank of Ireland to assess competition in the market for mortgage loans and to issue lenders with directions on variable interest rates (CON/2016/54)
Ireland, 

All legal acts

28 November 2016SPEECH

Greece: progress achieved and challenges ahead

The challenges in Greece can only be addressed by a steady implementation of the agreed policies and strong political support from all stakeholders, says Executive Board member Benoît Cœuré, adding that restructuring banks’ governance structures and resolving non-performing loans are key.

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 1.0642
JPY Japanese yen 121.20
GBP Pound sterling 0.84303
CHF Swiss franc 1.0751
Last update: Friday, 02 December 2016 Euro foreign exchange rates

Multimedia

  • Vítor Constâncio interview: The Financial Stability Review November 2016

  • ECB European Cultural Days - Germany 2016 - preview

  • Five facts about the new €50

  • Inside the Asset Purchase Programme

  • Discover the New €50 Banknote

  • ECB President Mario Draghi explains TLTRO II

  • Discover the new 20 euro banknote

  • Living in Frankfurt. Working for the ECB

  • New ECB premises: time-lapse video of the construction process

  • Collateral management - the role of the Eurosystem

  • TARGET balances in 8 minutes

  • ECB and the Eurosystem explained in 3 min.

  • 20 October 2016 Press Conference

  • 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

  • ECB statistics: a brief overview - cover image

    ECB statistics: a brief overview

  • Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI - cover image

    Progress through crisis? Conference for the 20th anniversary of the establishment of the EMI

  • 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

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

    The international role of the euro, June 2016

  • 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