The European Commission welcomes the cooperation agreement concluded on 3 April 2020 between the European Central Bank (ECB), the Eurosystem and Sveriges Riksbank which will allow settlement of instant payments in Swedish krona in the TARGET Instant Payment Settlement (TIPS). The Commission shares with the ECB the objective of fostering the development by European payments […]
ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)
The Governing Council decided the following: To launch a new temporary asset purchase programme To launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the […]
Monetary policy decisions
The Governing Council decided on a comprehensive package of monetary policy measures: Longer-term refinancing operations Additional longer-term refinancing operations (LTROs) will be conducted, temporarily, to provide immediate liquidity support to the euro area financial system. Although the Governing Council does not see material signs of strains in money markets or liquidity shortages in the banking […]
ECB announces operational precautions linked to coronavirus
All non-essential travel by ECB Executive Board and staff members restricted until 20 April 2020 Conferences at the ECB postponed, with exception of monetary policy press conferences All non-essential visits including visitor group programme suspended The Executive Board of the European Central Bank (ECB) today announced a range of operational measures that it is taking […]
Statement by the President of the ECB about Covid-19
Statement by Christine Lagarde The coronavirus outbreak is a fast developing situation, which creates risks for the economic outlook and the functioning of financial markets. The ECB is closely monitoring developments and their implications for the economy, medium-term inflation and the transmission of our monetary policy. We stand ready to take appropriate and targeted measures, as […]
ECB Listens
Euro area citizens are invited to submit ideas and comments online “ECB Listens” event for civil society to take place in Brussels on 26 March Further Eurosystem listening events to follow, organised by national central banks The European Central Bank (ECB) and the 19 euro area national central banks, which together form the Eurosystem, are […]
Financial statements of the ECB for 2019
ECB profit increased by €0.8 billion to €2.4 billion in 2019 (2018: €1.6 billion) and is distributed in full to national central banks Net interest income on securities held for monetary policy purposes: €1.4 billion (2018: €1.2 billion) ECB’s Balance Sheet grew to €457 billion (2018: €447 billion) The European Central Bank’s (ECB’s) audited financial […]
ECB’s subscribed capital to remain steady after Bank of England leaves the European System of Central Banks
Total subscribed capital of the ECB to remain at €10.8 billion ECB to repay Bank of England’s share in its paid-up capital (€58 million) Bank of England’s share in ECB’s subscribed capital to be reallocated among remaining national central banks The European Central Bank (ECB) will keep its subscribed capital steady at €10.8 billion after […]
ECB welcomes ratification of agreement on orderly UK withdrawal from European Union
ECB regrets United Kingdom leaving European Union Central bank prepared for all contingencies, and monitoring financial market developments Banks now need to press ahead with implementation of Brexit plans The European Central Bank (ECB) expressed regret that the United Kingdom is leaving the European Union. However, the ECB welcomes the ratification of the agreement on […]