The ECB Podcast European Central Bank

Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.

Listen to President Christine Lagarde present today’s decisions. The statement also covers:

- how the economy is performing
- how we expect prices to develop
- the risks to the economic outlook
- the dynamics behind financial and monetary conditions

Published and recorded during our press conference on 18 July 2024

Additional material

Our monetary policy statement at a glance, 18 July 2024https://www.ecb.europa.eu/press/press_conference/visual-mps/2024/html/mopo_statement_explained_july.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 18 July 2024 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is240718~6600b4add6.en.html

Monetary policy decisions, 18 July 2024 https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240718~b9e0ddd9d5.en.html

Combined monetary policy decisions and statement, 18 July 2024 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds240718~215969ab03.en.pdf?aa558df6bb80d9463f92f3fc62465f23

European Central Bank https://www.ecb.europa.eu/home/html/index.en.html

You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

Klaas Knot, Chair of the Financial Stability Board, President of De Nederlandsche Bank, and member of the ECB Governing Council, and Lesetja Kganyago, Governor of the South African Reserve Bank, discuss the challenges facing the international financial system at the ECB Forum on Central Banking in Sintra, Portugal.
Published on 6 July 2024 and recorded on 3 July 2024.

2024 ECB Forum on Central Banking
https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html
The ECB Podcast: The road ahead: is there room for optimism?
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240627_episode86.en.html
The ECB Podcast: Financial Stability in a ChatGPT world
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240517_episode84.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
European Banking Supervision
https://www.bankingsupervision.europa.eu/home/html/index.en.html

We live in uncertain times. Military conflict, including in Europe, is reshaping the geopolitical landscape. People are suffering. And our economies are also affected, which is a specific challenge for central banks.

Our co-host Paul Gordon discusses this with Moritz Schularick, President of the Kiel Institute for the World Economy.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 5 July 2024 and recorded on 2 July 2024.

1:02 A look at today’s geopolitical environment

Geopolitical risk can materialise unexpectedly. What are the risks in these uncertain times? How is the geopolitical landscape changing?

2:17 The price of war

What does military conflict mean for the economy? And how do events in other parts of the world affect us?

6:08 Challenges for central banks

Wars have an impact on our economies, including on inflation. This poses a challenge for central banks.

12:13 Managing geopolitical risks

How can we manage geopolitical risks better? Is more independence the only way?

16:17 Our guest’s hot tip

Moritz Schularick shares his hot tip with our listeners.

The ECB Forum on Central Banking

https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html



Federle, J, A Meier, G Müller, W Mutschler and M Schularick (2024), ‘DP18834 The Price of War‘, CEPR Discussion Paper No. 18834. CEPR Press, Paris & London. https://cepr.org/publications/dp18834



The Crisis of Democratic Capitalism by Martin Wolf



European Central Bank

https://www.ecb.europa.eu/home/html/index.en.html



European Banking Supervision

https://www.bankingsupervision.europa.eu/home/html/index.en.html

ECB President Christine Lagarde, US Federal Reserve Chair Jerome Powell and Governor of the Banco Central do Brasil Roberto Campos Neto sat down together to discuss the steps they’ve taken to fight inflation and reflect on the road ahead during the ECB Forum on Central Banking in Sintra, Portugal.

Recorded on 2 July 2024 and published on 3 July 2024.

2024 ECB Forum on Central Banking https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html

The ECB Podcast - The road ahead: is there room for optimism?

https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240627_episode86.en.html

European Central Bank

https://www.ecb.europa.eu/home/html/index.en.html

European Banking Supervision

https://www.bankingsupervision.europa.eu/home/html/index.en.html

We just lowered our interest rates, as inflation is falling. But what was behind this decision? What is the state of our economy? And more importantly, what comes next?
Our new co-host Paul Gordon discusses these questions with our Chief Economist Philip R. Lane.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 27 June 2024 and recorded on 18 June 2024.


1:13 Our latest monetary policy decision
Why did the ECB’s Governing Council decide to lower its key interest rates? What were the determining factors?
5:10 The state of our economy
How has inflation evolved in recent months? Is the economy recovering? And how have wages and employment been affected?
8:36 Next steps
What are our next monetary policy steps? How will current uncertainty affect future decisions?
11:18 The ECB Forum in Sintra, Portugal
What can we expect from this year’s ECB Forum on Central Banking? And what is Chief Economist Philip R. Lane most looking forward?
15:45 Our guest’s hot tip
Chief Economist Philip R. Lane shares his hot tip with our listeners.

Philip R. Lane interview with Financial Times, 27 May 2024
https://www.ecb.europa.eu/press/inter/date/2024/html/ecb.in240527~ffaddc865d.en.html
Philip R. Lane speech on Monetary policy and the disinflation process, 11 June 2024
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240611~caf9681480.en.html
The ECB Podcast: Quo vadis, inflation? March 2024
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240325_episode81.en.html
ECB Forum on Central Banking 2024 – programme
https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html
Young Economist Prize 2024
https://www.ecb.europa.eu/press/conferences/ecbforum/YE_competition/html/index.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
European Banking Supervision
https://www.bankingsupervision.europa.eu/home/html/index.en.html

Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal.

Listen to President Christine Lagarde present today’s decisions. The statement also covers:

- how the economy is performing
- how we expect prices to develop
- the risks to the economic outlook
- the dynamics behind financial and monetary conditions

Published and recorded during our press conference on 6 June 2024


Our monetary policy statement at a glance, 6 June 2024 https://www.ecb.europa.eu/press/press_conference/visual-mps/2024/html/mopo_statement_explained_june.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 6 June 2024 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is240606~d32cd6cc8a.en.html

Monetary policy decisions, 6 June 2024 https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240606~2148ecdb3c.en.html

Combined monetary policy decisions and statement, 6 June 2024 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds240606~f4d2c4833d.en.pdf?3d009dc9ec7917c832fe9a5a41e12fcd

European Central Bank https://www.ecb.europa.eu/home/html/index.en.html

You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast