13 March 2020 THE ECB BLOG

The Monetary Policy Package: An Analytical Framework

We will not tolerate any risks to the smooth transmission of our monetary policy in all jurisdictions of the euro area, Executive Board member Philip R. Lane writes in the inaugural post of The ECB Blog. The post explains the analytical framework underlying the March monetary policy measures.

3 March 2020 PUBLICATION

Financial integration and structure in the euro area

963彩票开户This new report focuses on structural developments in the euro area financial system and related policy issues. It also looks at the euro area fintech scene and the role of equity markets in greening the economy.

12/03/2020
Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 March 2020
02/03/2020
Luis de Guindos: Remarks at the European Economics and Financial Centre
Remarks by Luis de Guindos, Vice-President of the ECB, at the European Economics and Financial Centre
27/02/2020
Philip R. Lane: Monetary policy, low interest rates and low inflation
Dinner remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Centre for European Reform
27/02/2020
Isabel Schnabel: How long is the medium term? Monetary policy in a low inflation environment
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Barclays International Monetary Policy Forum
27/02/2020
Christine Lagarde: Climate change and the financial sector
Speech by Christine Lagarde, President of the ECB, at the launch of the COP 26 Private Finance Agenda

All speeches

03/03/2020
Luis de Guindos: Capital markets union: the role of equity markets and sustainable finance
Contribution by Luis de Guindos, Vice-President of the ECB, on the occasion of the publication of the ECB report on “Financial integration and structure in the euro area”, Frankfurt
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 Zsch?pitz 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

All interviews

09/03/2020
Decision (EU) 2020/380 of the ECB of 18 February 2020 amending Decision (EU) 2016/245 laying down the rules on procurement (ECB/2020/10)
06/03/2020
Guideline (EU) 2020/381 of the ECB of 21 February 2020 amending Guideline (EU) 2017/2335 on the procedures for the collection of granular credit and credit risk data  (ECB/2020/11)
12/02/2020
Decision (EU) 2020/187 of the ECB of 3 February 2020 on the implementation of the third covered bond purchase programme (recast)  (ECB/2020/8)
05/02/2020
Opinion on the Supervisory Board of Eesti Pank (CON/2020/7)
Estonia, 
ENGLISH
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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, 
ENGLISH
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All legal acts

PODCAST

Climate change and the role of central banks

How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis.

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 1.1104
JPY Japanese yen 119.11
GBP Pound sterling 0.89070
CHF Swiss franc 1.0608
Last update: Friday, 13 March 2020 Euro foreign exchange rates

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