President Lagarde presents the latest monetary policy decisions – 21 July 2022

Today our Governing Council decided on monetary policy, determining what’s needed to achieve stable prices in the euro area.

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 21 July 2022.

Additional material:

Our monetary policy statement at a glance, 21 July 2022
https://www.ecb.europa.eu/press/pressconf/visual-mps/2022/html/mopo_statement_explained_july.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A), 21 July 2022
https://www.ecb.europa.eu/press/pressconf/2022/html/ecb.is220721~51ef267c68.en.html

Monetary policy decisions, 21 July 2022
https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220721~53e5bdd317.en.html

Combined monetary policy decisions and statement, 21 July 2022
https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds220721~de2b7f0639.en.pdf

Press release: The Transmission Protection Instrument, 21 July 2022 https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220721~973e6e7273.en.html

Explainer: We have raised interest rates. What does that mean for you?
https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/interest_rates.en.html

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

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