Young economists have a vital role to play in shaping Europe’s future. Every year we recognise this through the Young Economist Prize, a research competition that offers talented students the chance to share their fresh perspectives on today’s challenges.
Finalists are invited to the annual ECB Forum on Central Banking, and the overall winner is awarded €10,000.
The theme of the 2025 ECB Forum on Central Banking is “Adapting to change: macroeconomic shifts and policy responses ”. The Forum will take place from 30 June to 2 July 2025 in Sintra.
Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect pri¬ces to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Our monetary policy statement at a glance, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_june.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250605~f00a36ef2b.en.html
Monetary policy decisions, 5 June 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250605~3b5f67d007.en.html
Combined monetary policy decisions and statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250605~dc79b630e3.en.pdf?1ae87c3b33214537469188411c6fec52
Macroeconomic projections, 5 June 2025 https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
Published and recorded during our press conference on 5 June 2025
ECB President Christine Lagarde explains the Governing Council’s monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 5 June 2025 at 14:45 CET in Frankfurt am Main.
In TIPS, NTC transactions would come in addition to SCT Inst transactions. Examples of possible business cases would be payments whose immediacy is not necessary. Learn more about what advantages this would bring and how NTC payments can benefit PSPs.
Fabrizio Dinacci, Team Lead Market Infrastructure PM, ECB