European Central Bank

Governing CouncilON HOLD

Rate

2.25%

Target

2.0% HICP symmetric

Hawk/Dove

+0.152

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: The choice facing Europeans

2026-09-09

+0.05

Boris Vujčić — Boris Vujčić: Listening to households: expectations, behaviour and monetary poli...

2026-09-01

0.00

Isabel Schnabel — Isabel Schnabel: Central banks on-chain

2026-08-28

0.00

Piero Cipollone — Piero Cipollone: From vision to delivery: building Europe’s tokenised financial ...

2026-08-26

0.00

Piero Cipollone — Piero Cipollone: Interview with ilsussidiario.net

2026-08-24

-0.25

Yannis Stournaras — Yannis Stournaras: The global economy in 2026 and beyond - financing Europe and ...

2026-08-17

0.00

Burkhard Balz — Burkhard Balz: 40 years of the Deutsche Bundesbank's Representative Office in Ne...

2026-08-17

0.00

Philip Lane — Philip R Lane: AI and monetary policy

2026-08-17

0.00

Governing Council — Hawk/Dove Scorecard

Full scorecard →

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

Christine Lagarde

President

+0.13

GovernorVoter215 speeches

Boris Vujčić

Vice-President

+0.04

DeputyVoter13 speeches

Frank Elderson

Executive Board Member

+0.02

InternalVoter81 speeches

Isabel Schnabel

Executive Board Member

+0.17

InternalVoter78 speeches

Philip Lane

Chief Economist, Executive Board

-0.02

InternalVoter131 speeches

Piero Cipollone

Executive Board Member

+0.03

InternalVoter53 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

-0.00

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

governorVoter8 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

+0.30

governorVoter9 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