Central bankers will meet again at the European Central Bank Forum, in Sintra, starting on Monday, after the central bank led by Christine Lagarde delivered its first interest rate cut.
FILE PHOTO: European Central Bank President Christine Lagarde speaks during a press conference following the Governing Council’s monetary policy meeting, in Frankfurt, Germany on April 11, 2024. REUTERS/Kai Pfaffenbach/File Photo
On Monday and Wednesday, the European Central Bank Forum will bring together central bankers in Sintra, for a meeting marked by the new cycle of interest rate cuts and the development of inflation in Europe.
The new edition, with the theme “Monetary Policy in the Age of Transformation,” begins on Monday, July 1, at the end of the day, with an opening speech by Christine Lagarde, President of the European Central Bank.
On Tuesday, the day will feature several sessions. The first, led by Luis de Guindos, Vice-President of the European Central Bank, will have the theme “The Rise and Fall of Inflation in the Eurozone.” Later, there will be a panel discussion on geopolitical shocks and another that will include prominent figures such as Jerome Powell, Chairman of the US Federal Reserve, and Roberto Campos Neto, Governor of the Brazilian Central Bank, but also with the leader of the European Central Bank. Christine Lagarde.
On the last day of this bankers’ meeting, the euro area’s short-term and long-term monetary policy and productivity cycles will be discussed in two different sessions. There will also be a panel on the key drivers of equilibrium interest rates, moderated by Philip R Lane, President of the European Central Bank.
At the end of this meeting, current problems facing the international financial system will also be discussed, with the President of the European Central Bank responsible for concluding the forum.
This year’s ECB forum comes after the central bank moved ahead with interest rate cuts – cutting them by 25 basis points at its June meeting. The move was made after a cycle of rate hikes – between July 2022 and September 2023 – began to try to halt rising inflation.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
