Monetary Dialogue and Public Hearing with Christine Lagarde, European Central Bank

21-03-2023 - 10:39
President of the European Central Bank
Christine Lagarde.jpg © European Parliament 2022

On Monday 20 March 2023, from 15:00 to 17:00, ECON Members held the first Monetary Dialogue of the year with the ECB President. The Monetary Dialogue was followed by a public hearing with Ms Lagarde in her capacity as Chair of the European Systemic Risk Board. The public hearing took place between 17:00 and 18:00.

This Monetary Dialogue took place in a challenging environment, still marked by high uncertainty and strong inflationary pressures. Since the last Monetary Dialogue in November, the ECB's Governing Council has continued on its monetary policy tightening path.
The two specific topics of discussion as chosen by ECON for this Dialogue are: 1) Quantitative tightening in the euro area; and 2) Prospects for monetary policy one year into the war in Ukraine.

The ESRB is a separate body from the ECB with a broad financial stability mandate. Its Chair is the ECB President "ex officio". In September 2022 it issued a warning on vulnerabilities in the EU's financial system and in January 2023 published a recommendation on vulnerabilities in the commercial real estate sector in the European Economic Area.