Today our Governing Council decided on monetary policy.
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 December 2025.
Our monetary policy statement at a glance, 18 December 2025
https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_december.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 18 December 2025
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is251218~3a10402adb.en.html
Monetary policy decisions, 18 December 2025
https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp251218~58b0e415a6.en.html
Combined monetary policy decisions and statement, 18 December 2025
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds251218~f264376788.en.pdf
Macroeconomic projections, 18 December 2025
https://www.ecb.europa.eu/press/projections/html/index.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
