The Governing Council usually meets twice a month at the ECB’s premises in Frankfurt am Main, Germany.
The Governing Council assesses economic and monetary developments and takes its monetary policy decisions every six weeks. At the other meetings, the Council discusses mainly issues related to other tasks and responsibilities of the ECB and the Eurosystem. To ensure the separation of the ECB’s monetary policy and other tasks from its supervisory responsibilities, separate meetings of the Governing Council are held.
The monetary policy decision is explained in detail at a press conference held every six weeks. The President, assisted by the Vice-President, chairs the press conference.
In addition, the ECB publishes regular accounts of the Governing Council’s monetary policy meetings before the date of the next one.
Find out more about decision-making within the Single Supervisory Mechanism. Banking supervision website
The accession of Lithuania to the euro area on 1 January 2015 triggered a system under which National Central Bank Governors take turns holding voting rights on the Governing Council.
In this text, the ECB answers some frequently asked questions on how the system works and why it exists.
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