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The Governing Council, the main decision-making body of the ECB, usually meets every two weeks. Key figures and latest releases at a glance. Navigation Path: Key figures and latest releases at a glance. October 202030 October 2020Market operationsAmendments to monetary policy implementation guidelinesOn 25 September 2020 the Governing Council adopted amendments to the ECB legal framework for the implementation of monetary policy, applicable from 1 January 2021. To do this, we use the anonymous data provided by cookies. The President, assisted by the Vice-President, chairs the press conference. Governing Council; Executive Board; General Council; Supervisory Board; Independence; Transparency; Accountability; Corporate governance; Ethics – working with integrity; Capital subscription; Climate change and the ECB. To do this, we use the anonymous data provided by cookies. Dig deeper into the ECB’s activities and discover key topics in simple words and through multimedia. The accession of Lithuania to the euro area on 1 January 2015 triggered a system under which National Central Bank Governors take turns holding voting rights on the Governing Council. Organisation chart of the ECB; Decision-making. Browse the ECB’s reports, publications and research papers and filter them by date or activity. Decisions taken by the Governing Council of the ECB: November 2020. ECB: Monetary policy decisions. The euro hit a 1-week high of $1.1902 during the press conference following the policy decision. setting the key interest rates for the euro area. The currency’s recent rise to the strongest level since 2018 is being watched carefully by the Governing Council, the president said. Home / Central Banks / ECB: Monetary policy decisions. Home›About›Organisation›Decision-making› Governing Council, The Governing Council is the main decision-making body of the ECB. Environmental protection; Tasks. The mentioned decisions were in line with the markets expectations. Discover euro banknotes and their security features and find out more about the euro. Governing Council; Executive Board; General Council; Supervisory Board; Independence; Transparency; Accountability; Corporate governance; Ethics – working with integrity; Capital subscription; Climate change and the ECB. At the other meetings, the Governing Council takes decisions related to other tasks, such as payment systems, financial stability, statistics, banknotes, legal affairs, and banking supervision. By steering financing conditions, the ECB can influence the overall level of activity in the economy and can ensure that the inflation aim is met. On 5 November 2020 the Governing Council adopted several amendments related to the publication of liquidity management data, with the aim of streamlining processes and increasing … The monetary policy decision is explained in detail at a press conference held every six weeks. Learn more about how we use cookies, We are always working to improve this website for our users. On the same day, the Governing Council also adopted Decision ECB/2020/27 amending Decision ECB/2008/17 laying down the framework for joint Eurosystem procurement. Get an overview of what the European Central Bank does and how it operates. Find out how the ECB promotes safe and efficient payment and settlement systems, and helps to integrate the infrastructure for European markets. The amending Decision legally introduces the decisions taken on 4-5 June 2020 by the Governing Council to increase the size of the programme and extend the intended horizon of net purchases. The ECB initially proposed to raise this limit to 60 per cent in plans presented to its governing council. *Euro Appreciates To 1.2119 Against U.S. Dollar After ECB Decision *ECB: To Reinvest Principal Payments From Maturing Securities Under PEPP Until At Least End Of 2023 *ECB: Governing Council … Every six weeks, it takes its monetary policy decision, i.e. At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council of the European Central Bank is the main decision-making body of the European Central Bank (ECB) and has "sole responsibility" for formulating monetary policy in the Eurozone. At the other meetings, the Council discusses mainly issues related to other tasks and responsibilities of the ECB and the Eurosystem. Background to monetary policy decisions, Find out more about decision-making within the Single Supervisory Mechanism.Banking supervision website. Under the amended Guidelines, no secured marketable assets other than asset-backed securities and covered … The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2 per cent within its projection horizon, and such convergence has … Since 2014, the ECB has published "accounts" of its monetary policy meetings, [117] but those remain rather vague and do not include individual votes. ECB press release 10 September 2020. Discover more about working at the ECB and apply for vacancies. Get an overview of what the European Central Bank does and how it operates. setting the key interest rates for the euro area. Environmental protection; Tasks. See what has changed in our privacy policy, Financial stability and macroprudential policy, Euro area economic and financial developments by institutional sector, Euro area insurance corporation statistics, Euro area financial vehicle corporation statistics, Webcasts: hearings at European Parliament, Meetings of the Governing Council and the General Council, Banking Industry Dialogue on ESCB statistics, Implementation of ESA 2010 in euro area accounts, About the Statistical Data Warehouse (SDW), Selected euro area statistics and national breakdowns, Credit institutions and money market funds, Estimated MFI loans to NFCs by economic activity (NACE), Financial corporations engaged in lending, Long-term interest rate statistics for convergence purposes, Financial integration and structure in the euro area, Balance of payments and other external statistics, Balance of payments and international investment position, International reserves and foreign currency liquidity, Cross-border collateral in Eurosystem credit operations, Payment services, large-value and retail payment systems, Securities trading, clearing and settlement, ECB survey of professional forecasters (SPF), Survey on the access to finance of enterprises (SAFE), Household finance and consumption survey (HFCS), Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD), Emergency liquidity assistance (ELA) and monetary policy, Securities settlement systems and central counterparties, Other infrastructures and service providers, Advisory groups on market infrastructures, Debt Issuance Market Contact Group (DIMCG), European Forum for Innovation in Payments (EFIP), Calendar of the Governing Council meetings, Explainer on the rotation of voting rights, I understand and I accept the use of cookies, See what has changed in our privacy policy, the six members of the Executive Board, plus. 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