European Central Bank

Governing CouncilHIKING

Rate

2.50%

Target

2.0% HICP symmetric

Hawk/Dove

+0.238

Decision

consensus

Votes

Not published

Hawk/Dove Stance

DovishNeutralHawkish

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Series:

Policy Rate History

Hawk/Dove History

Policy Rate × Hawk/Dove Overlay

Policy Rate (LHS)Hawk/Dove (RHS)

Recent Speeches

Christine Lagarde — Christine Lagarde: IMFC Statement

2026-10-17

+0.25

Frank Elderson — Frank Elderson: Ensuring resilience in the face of uncertainty

2026-10-14

0.00

Philip Lane — Philip R. Lane: The AI opportunity for Europe

2026-10-13

-0.10

Piero Cipollone — Piero Cipollone: Interview with Corriere della Sera

2026-10-08

0.00

Piero Cipollone — Piero Cipollone: Money in the digital age: digital euro, tokenisation and the ro...

2026-10-06

0.00

Philip Lane — Philip R. Lane: Interview with Ansa

2026-10-06

+0.40

Philip Lane — Philip R. Lane: Diagnostic Challenges for ECB Monetary Policy

2026-10-05

+0.20

Isabel Schnabel — Isabel Schnabel: Monetary policy in a world of overlapping shocks

2026-09-30

+0.60

Governing Council — Hawk/Dove Scorecard

Full scorecard →

Consensus-based — Scored from NLP-analysed speeches. Click any member for charts.

Christine Lagarde

President

+0.29

GovernorVoter222 speeches

Boris Vujčić

Vice-President

-0.02

DeputyVoter15 speeches

Frank Elderson

Executive Board Member

+0.01

InternalVoter86 speeches

Isabel Schnabel

Executive Board Member

+0.23

InternalVoter80 speeches

Philip Lane

Chief Economist, Executive Board

+0.03

InternalVoter136 speeches

Piero Cipollone

Executive Board Member

+0.02

InternalVoter57 speeches

Alexander Demarco

Governor, Central Bank of Malta

-0.15

governorVoter7 speeches

Álvaro Santos Pereira

Governor, Banco de Portugal

0.00

governorVoter1 speeches

Ante Žigman

Governor, Croatian National Bank

No policy signal

governorVoter

Christodoulos Patsalides

Governor, Central Bank of Cyprus

-0.03

governorVoter17 speeches

Dimitar Radev

Governor, Bulgarian National Bank

+0.03

governorVoter12 speeches

Emmanuel Moulin

Governor, Banque de France

-0.10

governorVoter1 speeches

Fabio Panetta

Governor, Banca d'Italia

+0.04

governorVoter119 speeches

Gabriel Makhlouf

Governor, Central Bank of Ireland

+0.05

governorVoter104 speeches

Gaston Reinesch

Governor, Banque centrale du Luxembourg

+0.11

governorVoter5 speeches

Gediminas Šimkus

Chairman, Bank of Lithuania

+0.16

governorVoter9 speeches

Joachim Nagel

President, Deutsche Bundesbank (Germany)

+0.04

governorVoter117 speeches

José Luis Escrivá

Governor, Banco de España

+0.00

governorVoter12 speeches

Martin Kocher

Governor, Oesterreichische Nationalbank (Austria)

-0.02

governorVoter4 speeches

Mārtiņš Kazāks

Governor, Latvijas Banka

+0.04

governorVoter9 speeches

Olaf Sleijpen

President, De Nederlandsche Bank

+0.03

governorVoter25 speeches

Olli Rehn

Governor, Bank of Finland

-0.03

governorVoter82 speeches

Peter Kažimír

Governor, National Bank of Slovakia

+0.24

governorVoter10 speeches

Pierre Wunsch

Governor, National Bank of Belgium

+0.02

governorVoter6 speeches

Primož Dolenc

Governor, Banka Slovenije

-0.01

governorVoter11 speeches

Ülo Kaasik

Governor, Eesti Pank (Estonia)

No policy signal

governorVoter

Yannis Stournaras

Governor, Bank of Greece

+0.04

governorVoter101 speeches