Adapting to change: Ensuring price stability in a new geopolitical era

Source: European Central Bank (video statements)

How does geopolitical uncertainty affect inflation? How do we keep monetary policy fit for purpose in a rapidly changing world? And what are the main topics at this year’s ECB Forum in Sintra, Portugal?

In the first episode of our special Sintra series for The ECB Podcast, our host Paul Gordon discusses all these questions and more with Chief Economist and Executive Board member, Philip R. Lane.

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

Published on 25 June 2025 and recorded on 16 June 2025.

In this episode:
01:28 The ECB Governing Council lowered key interest rates to 2%.
What was the motivation behind the decision?

04:30 How do we ensure that risks and uncertainties are integrated into the monetary policy decision-making process?
What is our baseline? What factors need to be taken into account?

06:44 Alternative scenarios in the latest projections
Why do we communicate our “what if” scenarios?

08:11 Meeting-by-meeting, data-dependent approach
Why do we follow this approach?

09:50 Strategy review
How can we make sure our strategy is up to date?

12:02 High-level uncertainty
How do we factor heightened uncertainty in our strategy?

13:50 ECB Forum on Central Banking in Sintra, Portugal
What is the ECB Forum and what’s behind it? What’s the goal of the Forum? What’s Philip R. Lane looking forward to?

16:53 Our guest’s hot tip
Philip R. Lane shares his hot tip.

Programme of ECB Forum on Central Banking in Sintra, Portugal
www.ecb.europa.eu/press/conference…_banking.en.html

Ken Rogoff "Our dollar, your problem"
yalebooks.yale.edu/book/9780300275…r-your-problem/

ECB Instagram
www.instagram.com/europeancentralbank/

European Central Bank
www.ecb.europa.eu

ECB Banking Supervision
www.bankingsupervision.europa.eu/home/htm….en.html

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

Sweden in MINUSMA: A Decade of Lessons from the Ground Up (2013-2024)

Source: United Nations (video statements)

The LCM Dialogue Series was designed to highlight Member States’ experience and showcase innovative capacity-building approaches and success stories in preparing and deploying uniformed personnel to UN peace operations. By promoting the exchange of lessons learned and best practices among troop- and police-contributing countries and capacity-building providers, this initiative aims to strengthen the preparedness and operational effectiveness of UN peacekeepers.

The Light Coordination Mechanism (LCM) is a shared service of the Division of Policy, Evaluation and Training (DPET) managed by the Integrated Training Service (ITS) in the UN Department of Peace Operations (DPO). The LCM facilitates partnerships between Member States and capacity-building providers to help deploy well-trained and well-equipped military and police personnel to peace operations. Areas of cooperation include training, equipment, infrastructure, logistics, technical support and knowledge management.

https://www.youtube.com/watch?v=9h9qfIyxuWs

President of the Conference & of the Government of Spain at the Opening of the #FFD4 in Sevilla

Source: United Nations (video statements)

Opening remarks by Pedro Sánchez Pérez-Castejón, President of the Government of the Kingdom of Spain, and President of the Conference, at the Opening of the 4th International Conference on Financing for Development FFD4 (Sevilla, Spain).


"It is time to take a step forward and not only reaffirm our commitment but redouble it. We must improve debt sustainability, ensure fiscal justice, and fulfill our commitments to international cooperation," said Pedro Sánchez, Prime Minister of Spain.

https://www.youtube.com/watch?v=YSB5Cxh2Wok

King of Spain at the Opening of the 4th International Conference on Financing for Development (FFD4)

Source: United Nations (video statements)

Opening remarks by Felipe VI, King of the Kingdom of Spain, a the Opening of the 4th International Conference on Financing for Development FFD4 in Sevilla, Spain.


King of Spain H.M. Don Felipe VI, also made remarks at the opening of the Conference.

The King said,“Despite the difficulties, we must continue on the long path of multilateral diplomacy, not because we believe that that is always the most direct or swiftest path, or because we refuse to see its clear shortcomings, but rather because we know where other paths have led.”

https://www.youtube.com/watch?v=3csnkJNdC9E

ECB Forum on Central Banking 2025 – Day 1

Source: European Central Bank (video statements)

The ECB Forum on Central Banking – the Sintra Forum – is an annual event organised by the European Central Bank and is held in Sintra, Portugal.

It brings together central bank governors, academics, financial market representatives, journalists and others to exchange views on current policy issues and discuss the Forum’s key topic from a longer-term perspective.

https://www.youtube.com/watch?v=G2qv5ht7Ets

International development financing conference adopts commitment and action platform in Sevilla

Source: United Nations (video statements)

The Fourth International Conference on Financing for Development adopted the Compromiso de Sevilla as well as a Platform for Action laying the foundation for a renewed global framework to close the $4 trillion financing gap for the Sustainable Development Goals (SDGs), address the debt crises, and make the international financial system fairer and more transparent.
#ffd4 #sustainabledevelopment

https://www.youtube.com/watch?v=7gwhdRz3W40