The Committee on Economic and Monetary Affairs will hold its second Monetary Dialogue of the year with European Central Bank President Christine Lagarde on 22 June 2026. The discussion will cover the ECB's quarterly assessment of monetary policy and comes after the ECB Governing Council's 11 June 2026 decision to raise all three key interest rates, after leaving them unchanged since June 2025. The ECB increased the deposit facility rate to 2.25% from 2.00%, the main refinancing operations rate to 2.40% from 2.15% and the marginal lending facility rate to 2.65% from 2.40%. The dialogue will also address rising supply-side shocks amid geopolitical tensions and their implications for ECB monetary policy, in the context of recent disruptions such as the COVID-19 pandemic and Russia's invasion of Ukraine, which the committee said have challenged the earlier view of inflation as mainly demand-driven and supply shocks as temporary and localised.
Committee on Economic and Monetary Affairs2026-06-17
Committee on Economic and Monetary Affairs to hold Monetary Dialogue with ECB President after June rate increase
The Committee on Economic and Monetary Affairs will hold a Monetary Dialogue with ECB President Christine Lagarde on 22 June 2026. The exchange will focus on the ECB's quarterly monetary policy assessment after the 11 June rate increase and on how rising supply-side shocks linked to geopolitical tensions affect monetary policy.