President Lagarde presents the latest monetary policy decisions – 29 October 2026

Today our Governing Council decided on monetary policy, determined to ensure that inflation stabilises at our two percent target in the medium term. 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 29 October 2026. Our monetary policy statement at a glance, 29 October 2026 https://www.ecb.europa.eu/press/press_conference/visual-mps/2026/html/mopo_statement_explained_october.en.html Christine Lagarde, Boris Vujčić: Monetary policy statement, 29 October 2026 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2026/html/ecb.is261029~5c5ffe99e5.en.html Monetary policy decisions, 29 October 2026 https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp261029~9a493adf17.en.html Combined monetary policy decisions and statement, 29 October 2026 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds261029~3abd26884e.en.pdf European Central Bank https://www.ecb.europa.eu/home/html/index.en.html