Today our Governing Council decided on monetary policy, determining what should be done 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 16 December 2021. Additional material: Our monetary policy statement at a glance, 16 December 2021 https://www.ecb.europa.eu/press/pressconf/visual-mps/2021/html/mopo_statement_explained_december.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A), 16 December 2021 https://www.ecb.europa.eu/press/pressconf/2021/html/ecb.is211216~9abaace28e.en.html Monetary policy decisions, 16 December 2021 https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.mp211216~1b6d3a1fd8.en.html Combined monetary policy decisions and statement, 16 December 2021 https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds211216.en.pdf Macroeconomic projections, December 2021 https://www.ecb.europa.eu/pub/projections/html/ecb.projections202112_eurosystemstaff~32e481d712.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html