Today our Governing Council decided on monetary policy.

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 30 October 2025.

Our monetary policy statement at a glance, 30 October 2025

https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_october.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 30 October 2025

https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is251030~4f74dde15e.en.html

Monetary policy decisions, 30 October 2025

https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp251030~cf0540b5c0.en.html

Combined monetary policy decisions and statement, 30 October 2025

https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds251030~25d99d5b1c.en.pdf

European Central Bank

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