ECB President Christine Lagarde, US Federal Reserve Chair Jerome Powell and Governor of the Banco Central do Brasil Roberto Campos Neto sat down together to discuss the steps they’ve taken to fight inflation and reflect on the road ahead during the ECB Forum on Central Banking in Sintra, Portugal.

Recorded on 2 July 2024 and published on 3 July 2024.

2024 ECB Forum on Central Banking https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html

The ECB Podcast - The road ahead: is there room for optimism?

https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240627_episode86.en.html

European Central Bank

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

European Banking Supervision

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

Lifeline

Price stability in unstable times

We live in uncertain times. Military conflict, including in Europe, is reshaping the geopolitical landscape. People are suffering. And our economies are also affected, which is a specific challenge for central banks.

Our co-host Paul Gordon discusses this with Moritz Schularick, President of the Kiel Institute for the World Economy.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 5 July 2024 and recorded on 2 July 2024.

1:02 A look at today’s geopolitical environment

Geopolitical risk can materialise unexpectedly. What are the risks in these uncertain times? How is the geopolitical landscape changing?

2:17 The price of war

What does military conflict mean for the economy? And how do events in other parts of the world affect us?

6:08 Challenges for central banks

Wars have an impact on our economies, including on inflation. This poses a challenge for central banks.

12:13 Managing geopolitical risks

How can we manage geopolitical risks better? Is more independence the only way?

16:17 Our guest’s hot tip

Moritz Schularick shares his hot tip with our listeners.

The ECB Forum on Central Banking

https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html

 

Federle, J, A Meier, G Müller, W Mutschler and M Schularick (2024), ‘DP18834 The Price of War‘, CEPR Discussion Paper No. 18834. CEPR Press, Paris & London. https://cepr.org/publications/dp18834

 

The Crisis of Democratic Capitalism by Martin Wolf

 

European Central Bank

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

 

European Banking Supervision

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

War, geopolitics and the economy.

Klaas Knot,  Chair of the Financial Stability Board, President of De Nederlandsche Bank, and member of the ECB Governing Council, and Lesetja Kganyago, Governor of the South African Reserve Bank, discuss the challenges facing the international financial system at the ECB Forum on Central Banking in Sintra, Portugal.
Published on 6 July 2024 and recorded on 3 July 2024.

2024 ECB Forum on Central Banking 
https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html
The ECB Podcast: The road ahead: is there room for optimism?
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240627_episode86.en.html 
The ECB Podcast: Financial Stability in a ChatGPT world
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240517_episode84.en.html 
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html 
European Banking Supervision
https://www.bankingsupervision.europa.eu/home/html/index.en.html

Navigating challenges facing the international financial system

How does geopolitical uncertainty affect inflation? How do we keep monetary policy fit for purpose in a rapidly changing world? And what are the main topics at this year’s ECB Forum in Sintra, Portugal?

In the first episode of our special Sintra series for The ECB Podcast, our host Paul Gordon discusses all these questions and more with Chief Economist and Executive Board member, Philip R. Lane.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 25 June 2025 and recorded on 16 June 2025.

In this episode:
01:28 The ECB Governing Council lowered key interest rates to 2%.
What was the motivation behind the decision? 

04:30 How do we ensure that risks and uncertainties are integrated into the monetary policy decision-making process?
What is our baseline? What factors need to be taken into account?

06:44 Alternative scenarios in the latest projections
Why do we communicate our “what if” scenarios?

08:11 Meeting-by-meeting, data-dependent approach 
Why do we follow this approach? 

09:50 Strategy review 
How can we make sure our strategy is up to date? 

12:02 High-level uncertainty
How do we factor heightened uncertainty in our strategy?

13:50 ECB Forum on Central Banking in Sintra, Portugal
What is the ECB Forum and what’s behind it? What’s the goal of the Forum? What’s Philip R. Lane looking forward to? 

16:53 Our guest’s hot tip
Philip R. Lane shares his hot tip.


Programme of ECB Forum on Central Banking in Sintra, Portugal 
https://www.ecb.europa.eu/press/conferences/html/20250630_ecb_forum_on_central_banking.en.html 
Ken Rogoff "Our dollar, your problem"
https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/ 
ECB Instagram
https://www.instagram.com/europeancentralbank/ 
European Central Bank
www.ecb.europa.eu 
ECB Banking Supervision
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Adapting to change: Ensuring price stability in a new geopolitical era

The European Central Bank Podcast – bringing you insights into the world of economics and central banking. 

Our hosts Paul Gordon and Stefania Secola talk to experts about the topics and trends that matter to the eurozone economy today.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

New tracks tagged #ECBForum