Session 2 – Repo markets | Securities Losses, Interbank Markets, and Monetary Policy Transmission

Source: European Central Bank (video statements)

Session 2 on repo markets at the 2025 Money Markets conference.

Securities Losses, Interbank Markets, and Monetary Policy Transmission – Evidence from the Eurozone
• Presenter: Dominik Supera, Columbia Business School
• Mariassunta Giannetti, Stockholm School of Economics
• Martina Jasova, Columbia University
• Caterina Mendicino, European Central Bank

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZn2pK-WLVNXERH0hPmXmggt

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html

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

Welcome and Opening remarks | Money Markets Conference 2025

Source: European Central Bank (video statements)

Welcome address by Imène Rahmouni-Rousseau, European Central Bank, on the first day of the 2025 Money Markets conference.

Opening remarks by Isabel Schnabel, Member of the Executive Board at the European Central Bank, on the first day of the 2025 Money Markets conference.

The conference will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251106_money_markets.en.html

https://www.youtube.com/watch?v=n7Av1fbHRhw

GovC announcement of new phase

Source: European Central Bank (video statements)

The digital euro would complement banknotes and extend the benefits of cash to the digital sphere.

This is important because euro cash brings us together. It’s our money.

Europeans would have the freedom to use the digital euro for any digital payment, online or offline, throughout the euro area.

https://www.youtube.com/shorts/e1cLYGAeeto

President Lagarde presents the latest monetary policy decisions – 30 October 2025

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 30 October 2025.

Our monetary policy statement at a glance, 30 October 2025
www.ecb.europa.eu/press/press_conf…_october.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 30 October 2025
www.ecb.europa.eu/press/press_conf…74dde15e.en.html

Monetary policy decisions, 30 October 2025
www.ecb.europa.eu/press/pr/date/20…0540b5c0.en.html

Combined monetary policy decisions and statement, 30 October 2025
www.ecb.europa.eu/press/press_conf…5d99d5b1c.en.pdf

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

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

Systematic Origins of Monetary Policy Shocks | 5th WE_ARE_IN Conference 2025

Source: European Central Bank (video statements)

Session 5 on the second day of the 5th WE_ARE_IN Macroeconomics and Finance Conference 2025.

Chair: Caterina Mendicino*, ECB

“The Systematic Origins of Monetary Policy Shocks”

Authors:
• Lukas Hack, ETH Zürich
• Klodiana Istrefi*, ECB and CEPR
• Matthias Meier, University of Mannheim

Discussant: Francesca Monti*, UCLouvain and CEPR

The Centre for Economic Policy Research (CEPR), the Bank for International Settlements (BIS) and the European Central Bank (ECB) organised their 2025 conference WE_ARE_IN Macroeconomics and Finance. The aim of the conference is to bring together women in economics to present and discuss new research on macroeconomics and finance which is of particular interest to central banks.

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally. It complements the WE_ARE initiative, a CEPR seminar series in which junior women present their work and receive constructive feedback from their peers and from senior economists.

The conference took place on 20 and 21 October 2025 in Frankfurt am Main.

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnv2PtaYv_V20Ae4cN18GNQ

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20251020_we_are_in.en.html

https://www.youtube.com/watch?v=G83ORS1frGw