The Russian invasion of Ukraine is a watershed for Europe. Today our Governing Council expressed its full support to the people of Ukraine.

It also decided on monetary policy, determining what’s needed to achieve stable prices in the euro area.

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 10 March 2022.

Additional material:

Our monetary policy statement at a glance, 10 March 2022
https://www.ecb.europa.eu/press/pressconf/visual-mps/2022/html/mopo_statement_explained_march.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A), 10 March 2022
https://www.ecb.europa.eu/press/pressconf/2022/html/ecb.is220310~1bc8c1b1ca.en.html

Monetary policy decisions, 10 March 2022
https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220310~2d19f8ba60.en.html

Combined monetary policy decisions and statement, 10 March 2022
https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds220310~c4c5a52570.en.pdf

Macroeconomic projections, March 2022
https://www.ecb.europa.eu/pub/projections/html/index.en.html

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

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