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

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