Tariff Madhouse – Uncertainty looms over hard-fought win

22 April 2025

The April cut was a prudent move. The ongoing disinflationary trend across the euro area clearly justified our decision to continue easing monetary policy.

We have made significant progress. Inflation is approaching its target, and I am confident that we will reach it within the next few months.

Governor’s comment

The path is clear, with details blurry as risks persist

3 February 2024

As we step into the new year, we find ourselves navigating a landscape marked by tempered optimism and persistent challenges.

Governor’s comment

Monetary policy decisions

30 January 2025

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

Monetary policy decisions