www.ecb.europa.eu
July 2025
Monetary policy
Monetary policy strategy update
On 25 June 2025 the Governing Council approved the results of its 2025 monetary policy strategy assessment, following up on the strategy review conducted in 2020-21. The outcome of this assessment is summarised in a press release available on the ECB’s website together with the updated monetary policy strategy statement and the updated overview note, as well as the underlying documentation released in the form of two ECB occasional papers. A press conference was also held on 30 June 2025 in Sintra by ECB President Christine Lagarde and ECB Chief Economist Philip Lane to explain the outcome of this update on the occasion of the ECB Forum on Central Banking.
Market operations
Postponement of the implementation of the Corporate Sustainability Reporting Directive (CSRD)-linked eligibility criterion in the Eurosystem collateral framework
On 17 July 2025 the Governing Council decided to postpone the implementation of…