Annual Report
The Annual Report describes the tasks and activities of the European System of Central Banks (ESCB) and reports on the Eurosystem’s monetary policy. It is usually published in the spring of the following year and is presented by one of the ECB’s Executive Board members to the European Parliament at a public hearing.
In figures
Headline inflation declined towards our 2% target
Headline inflation declined to 2.4% in December 2024 from 2.9% in December 2023, moving closer to target.
More on inflationThe ECB cut interest rates four times
The reduction in the key ECB rates brought the deposit facility rate to 3.00% and its cumulative decrease over 2024 to 100 basis points.
Our monetary policyThe ECB welcomed thousands of visitors
A total of 21,325 visitors were hosted by the ECB’s Visitor Centre in 2024, giving the public the opportunity to get to know the ECB from the inside.
Communication and transparency of the ECBPresentation to the European Parliament
Read the speech Luis de Guindos gave to the Committee on Economic and Monetary Affairs of the European Parliament when he presented the Annual Report.
Read the speechFull report
Look back at what the ECB has done, as well as at our assessment of the economy for the last year.
See the full 2024 Annual ReportFeedback statement
Published on the occasion of the presentation of the ECB’s Annual Report 2024 to the European Parliament, this feedback statement provides responses to the issues raised and requests made by the European Parliament in its resolution on the previous year’s Annual Report.
Read the full statementAnnual Accounts
The Annual Accounts show our financial position and the results of our operations. They are part of our Annual Report but are published earlier, in February. Have a look at the latest and previous releases.
Annual AccountsWANT TO LEARN MORE?
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Reporting obligations
The ECB is an independent institution which has discretion to use its intruments as necessary to carry out its tasks and fulfil its mandate. Accountability is the necessary counterpart to that independence.
AccountabilityWebcasts
The ECB President and other Executive Board members appear regularly before the European Parliament.
Hearings at the European Parliament