Today our Governing Council decided on monetary policy, determining what should be done to achieve stable prices in the euro area.

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 16 December 2021.

Additional material:

Our monetary policy statement at a glance, 16 December 2021 https://www.ecb.europa.eu/press/pressconf/visual-mps/2021/html/mopo_statement_explained_december.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A), 16 December 2021 https://www.ecb.europa.eu/press/pressconf/2021/html/ecb.is211216~9abaace28e.en.html

Monetary policy decisions, 16 December 2021 https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.mp211216~1b6d3a1fd8.en.html

Combined monetary policy decisions and statement, 16 December 2021 https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds211216.en.pdf

Macroeconomic projections, December 2021 https://www.ecb.europa.eu/pub/projections/html/ecb.projections202112_eurosystemstaff~32e481d712.en.html

European Central Bank https://www.ecb.europa.eu/home/html/index.en.html