On Monday, 30 September 2024, the Committee on Economic and Monetary Affairs (ECON) holds its first Monetary Dialogue of the 10th parliamentary term with Christine Lagarde, President of the European Central Bank (ECB). This important session focuses on the ECB's recent monetary policy decisions, following the ECB Governing Council's move on 12 September to lower the key interest rate by 25 basis points, marking a continued shift in policy since June.

In addition to monetary policy, the dialogue will also cover the Capital Markets Union (CMU) and its significance for the ECB's strategies. The Capital Markets Union (CMU) is an initiative aimed at creating a single, integrated capital market across all EU member states. Its primary goal is to make it easier for businesses to access funding, especially small and medium-sized enterprises (SMEs), by diversifying sources of finance beyond traditional banking systems. The CMU seeks to connect savings more effectively with investment opportunities, promote cross-border investments, and deepen financial integration within the EU.

monetary dialogue with the ECB (T)

Committee on Economic and Monetary Affairs

LAGARDE, Christine (FR)

Economic Dialogue with Christine LAGARDE, ECB President - EP Committee on Economic and Monetary Affairs

Christines LAGARDE appears for the first time before the ECON Committee of the newly elected European Parliament to discuss the assessment of the ECB's monetary policy shortly after the ECB Governing Council decided on 12 September 2024 to further ease monetary policy by lowering the key interest rate (deposit facility rate - DFR) by 25 basis points, continuing the change initiated in June. This monetary dialogue is also an opportunity to address the topic of the Capital Markets Union (CMU) and its relevance for monetary policy.The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy.

Monetary Dialogue with Christine Lagarde, President of the European Central Bank: Opening statements by Aurore LALUCQ (S&D, FR), Chair of ECON Committee and by Christine LAGARDE, President of the ECB

The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1999. The ECB and the national central banks of all EU Member States constitute the European System of Central Banks. The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy.

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