President Lagarde presents the latest monetary policy decisions – 5 February 2026

Source: European Central Bank (video statements)

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 5 February 2026.

Our monetary policy statement at a glance, 5 February 2026
www.ecb.europa.eu/press/press_conf…february.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 5 February 2026
www.ecb.europa.eu/press/press_conf…858cb986.en.html

Monetary policy decisions, 5 February 2026
www.ecb.europa.eu/press/pr/date/20…1d26959b.en.html

Combined monetary policy decisions and statement, 5 February 2026
www.ecb.europa.eu/press/press_conf…c74e825a7.en.pdf

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

https://www.youtube.com/watch?v=1zHRXAx4J7M

International Holocaust Remembrance Day 2026

Source: European Central Bank (video statements)

To mark International Holocaust Remembrance Day, the ECB held a ceremony on Tuesday, 27 January 2026 at the Grossmarkthalle Jewish memorial. Each year, the European Central Bank honours the victims of the Holocaust, including those who were deported from Frankfurt’s Grossmarkthalle.

This year’s commemorative event included a conversation between ECB President Christine Lagarde and designer and philanthropist Diane von Fürstenberg, whose parents survived the Holocaust. Mrs von Fürstenberg spoke about her family’s story and offered reflections on intergenerational trauma and resilience.

The ceremony also featured speeches by:

• Christine Lagarde, ECB President
• Ina Hartwig, Frankfurt City Councilor for Culture and Science
• Mirjam Wenzel, Director of the Jewish Museum Frankfurt
• Uwe Becker, Hessian State Commissioner for Jewish Life and the Fight against Antisemitism

You cand find all the photos from the event here: https://multimedia.ecb.europa.eu/web/292e9d29ff63182b/ecb-holocaust-remembrance-day-2026/

https://www.youtube.com/watch?v=BMbajbj_8K8

Spilling the beans on food inflation: what’s driving price changes?

Source: European Central Bank (video statements)

How much do you spend on food every month?

Food is one expense we simply can’t go without – we all need to eat, after all! But you may have noticed that your morning eggs, lunchtime sandwich, or favourite late-night snack is costing more than it used to.

How have food prices changed over the past year? What’s driving the price increases? And what’s in store for our grocery bills in 2026?

Our host Stefania Secola speaks to economists Elisabeth Wieland and Zivile Zekaite to answer these questions.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Recorded on 20 January 2026 and published on 26 January 2026.

In this episode:

02:23 Is food really getting more expensive?

How do we track changes in food prices? How did food inflation develop in 2025? And what role does media coverage play?

05:39 Which foods are especially affected?

Some prices are up, others are down. Why have items like coffee, cocoa and meat been hit the hardest?

08:26 Have some products also become cheaper?

While meat and sweet treats have become more expensive, items like vegetables and butter have become cheaper. The overall food basket tells an interesting story and is influenced by its different components.

09:13 What’s driving price increases for certain products?

Raw material costs, climate change, and supply and demand factors all affect food prices. Rising wages and energy costs also play a role.

12:35 Why do food prices matter so much?

Food is a big part of our budget and cannot be replaced by other items. Also, since we go to the supermarket often, food prices play a big role in shaping our inflation expectations.

19:10 What can we do about rising food prices?

Temporary vs structural changes – how do they differ? And what’s the ECB’s role when it comes to inflation and food prices?

20:52 What’s in store for our grocery bills in 2026?

Good news: food inflation is set to ease in the coming year. So, what does this mean for your wallet?

22:06 Our guests’ hot tips

Elisabeth and Zivile share their hot tips.

Further reading:

Inside the food basket: what is behind recent food inflation? (Economic Bulletin Issue 8, 2025)

www.ecb.europa.eu/press/economic-b…10bb606b.en.html

Consumer Expectations Survey www.ecb.europa.eu/stats/ecb_survey…ml/index.en.html

Elisabeth’s hot tip: use food price comparison websites and apps for tracking prices

Zivile’s hot tip: look at the price per kilogram to find the best-value food

ECB Instagram
www.instagram.com/europeancentralbank/

https://www.youtube.com/watch?v=YaMYVzmOnE0

Our Graduate Programme is now open!

Source: European Central Bank (video statements)

We asked current participants OisĂ­n and Agni to share their tips for the application process and why they recommend this opportunity. Watch the video to hear directly from them!

We’re looking for candidates who:
🇪🇺 are EU citizens
🎓 have a master’s degree or a PhD
💪 are motivated to work for Europe

Think you have what it takes? Apply by 13 February [link]

https://www.youtube.com/watch?v=WZ_HYXPTmF0