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Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States.

ECB Press Releases

Account of the monetary policy meeting

of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 24-25 July 20191. Review of financial, economic and monetary developments and policy options Financial market developmentsMr Cœuré reviewed the financial market developments since the Governing Council’s previous monetary policy meeting on 5-6 June 2019. Sovereign bond yields had temporarily fallen to multi-year lows in the United States, the United Kingdom and Japan, and to new record...

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ECB European Cultural Days 2019: Celebrating 20 years of the euro

PRESS RELEASE21 August 2019Europa Open Air concert draws over 20,000 music lovers every yearAlte Oper to start new season with young musicians from Gustav Mahler JugendorchesterCharity concert in support of “Basketball macht Schule” youth initiativeECB to open doors to chamber music Since its launch in 2003 the European Cultural Days of the ECB has featured artists from 15 EU countries. This year’s events mark the euro’s 20th anniversary and will be dedicated to Europe. Four concerts,...

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Private sector working group issues recommendations on the transition from EONIA to €STR for cash and derivatives products

PRESS RELEASE19 August 2019Transition from EONIA to €STR has impact on broad variety of financial products and processesMarket participants urged to actively prepare for change in publication time of EONIA effective as of 2 October 2019CCPs encouraged to switch their discounting regime from EONIA to €STR towards end of second quarter of 2020The private sector working group on euro risk-free rates has today published a report containing a set of recommendations addressing the impact of the...

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ECB shuts down compromised BIRD website

PRESS RELEASE15 August 2019ECB’s BIRD website hacked by unauthorised partiesEmail addresses and other contact data may have been capturedNo internal systems or market-sensitive data compromisedBIRD website shut down until further noticeThe European Central Bank (ECB) said on Thursday that unauthorised parties had breached the security measures protecting its Banks’ Integrated Reporting Dictionary (BIRD) website, which is hosted by an external provider. As a result, it was possible that the...

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ECB publishes indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2020

PRESS RELEASE9 August 2019ECB publishes indicative tender calendar for 2020ECB publishes indicative reserve maintenance period calendar for 2020 The European Central Bank (ECB) has today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2020.The indicative calendar for the Eurosystem’s regular tender operations includes only main refinancing operations (MROs) and three-month longer-term refinancing operations (three-month...

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ECB publishes Consolidated Banking Data for end-March 2019

Press release7 August 2019Chart 1Total assets of credit institutions headquartered in the euro area and the EU(EUR billions)Chart 2Non-performing loans ratio of credit institutions headquartered in the euro area and the EU(percentage)The European Central Bank (ECB) has published the Consolidated Banking Data (CBD) with reference to end-March 2019, a data set of the European Union (EU) banking system compiled on a group consolidated basis.The quarterly CBD cover relevant information required...

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Results of the June 2019 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)

PRESS RELEASE31 July 2019Credit terms eased for almost all counterparties between March and May 2019The maximum amount of funding collateralised with euro-denominated securities declined, especially where government and covered bonds were used as collateralDemand for funding continued to decline across all types of collateralIn both the securities financing market and the OTC derivatives market, credit terms offered to almost all counterparties eased between March and May 2019. An improvement...

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ECB publishes legal acts relating to targeted longer-term refinancing operations (TLTROs)

PRESS RELEASE29 July 2019ECB defines the conditions for participation in TLTRO III and other operational aspectsECB introduces a change to the notification period of voluntary early repayments for TLTRO IIThe European Central Bank (ECB) today publishes a legal act adopted on 22 July 2019 relating to the third series of targeted longer-term refinancing operations (TLTRO III). TLTRO III operations will help to preserve favourable bank lending conditions and support the accommodative stance of...

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Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

July 2019External communicationExpiry of the fourth Central Bank Gold AgreementOn 26 July 2019 the ECB announced that the signatories of the Central Bank Gold Agreement had concluded that a formal gold agreement would no longer be necessary after its expiry on 26 September 2019. This decision is without prejudice to each national central bank’s competences regarding the management of its own gold reserves. More detailed information can be found in a related press release available on the...

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As market matures central banks conclude that a formal gold agreement is no longer necessary

PRESS RELEASE26 July 2019Signatories of the fourth Central Bank Gold Agreement no longer see need for formal agreement as market has developed and matured Signatory central banks confirm gold remains an important element of global monetary reserves and none of them currently has plans to sell significant amounts of goldThe European Central Bank (ECB) and 21 other central banks that are signatories of the Central Bank Gold Agreement (CBGA) have decided not to renew the Agreement upon its...

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