PRESS RELEASE

Schedules for the meetings of the Governing Council and the General Council of the ECB and the related press conferences in 2008 and 2009

30 March 2007

The Governing Council has decided that in the years 2008 and 2009 its meetings will continue to be held, as a rule, on a Thursday in the first and third weeks of each month.

As announced on 8 November 2001, the stance of the ECB's monetary policy will continue to be assessed by the Governing Council, as a rule, only at the first meeting of the month. Accordingly, interest rate decisions will normally be taken during that meeting. Whenever it holds a second meeting in the month, the Governing Council will deal with issues related to other tasks and responsibilities of the ECB and the Eurosystem. Obviously, if warranted by the circumstances, the Governing Council can still decide to change the key ECB interest rates at any time, regardless of previously scheduled meetings. The meeting schedule of the Governing Council for 2008 and 2009 also takes into account the fact that reserve maintenance periods will start on the settlement day of the main refinancing operation (MRO) following the Governing Council meeting at which the monthly assessment of the monetary policy stance is scheduled to take place.

Also in line with established practice, two meetings of the Governing Council will again be held outside Frankfurt in both 2008 and 2009. In 2008 the first one, on 8 May 2008, will be hosted by the Bank of Greece and the second one, on 6 November 2008, will be hosted by the Nationale Bank van België/Banque Nationale de Belgique. In 2009 the first one, on 2 April 2009, will be hosted by the Banca d’Italia and the second one, on 2 July 2009, will be hosted by the Banque centrale du Luxembourg.

The General Council has decided that the current practice of having quarterly meetings is to be maintained.

Finally, the current regime for holding press conferences will continue, i.e. they will generally take place after the first Governing Council meeting of the month.

Meetings of the Governing Council of the ECB in 2008

10 January 2008

7 February 2008

21 February 2008

6 March 2008

27 March 2008

10 April 2008

24 April 2008

8 May 2008 (Athens)

21 May 2008

5 June 2008

19 June 2008*

3 July 2008

17 July 2008

7 August 2008

4 September 2008

18 September 2008*

2 October 2008

23 October 2008

6 November 2008 (Brussels)

20 November 2008

4 December 2008

18 December 2008*

*This meeting will start on Wednesday afternoon and resume on Thursday.

Meetings of the General Council of the ECB in 2008

27 March 2008

19 June 2008

18 September 2008

18 December 2008

Press conferences in 2008

10 January 2008

7 February 2008

6 March 2008

10 April 2008

8 May 2008 (Athens)

5 June 2008

3 July 2008

4 September 2008

2 October 2008

6 November 2008 (Brussels)

4 December 2008

Meetings of the Governing Council of the ECB in 2009

15 January 2009

5 February 2009

19 February 2009

5 March 2009

19 March 2009*

2 April 2009 (Rome)

23 April 2009

7 May 2009

20 May 2009

4 June 2009

18 June 2009*

2 July 2009 (Luxembourg)

16 July 2009

6 August 2009

3 September 2009

17 September 2009*

8 October 2009

22 October 2009

5 November 2009

19 November 2009

3 December 2009

17 December 2009*

14 January 2010

*This meeting will start on Wednesday afternoon and resume on Thursday.

Meetings of the General Council of the ECB in 2009

19 March 2009

18 June 2009

17 September 2009

17 December 2009

Press conferences in 2009

15 January 2009

5 February 2009

5 March 2009

2 April 2009 (Rome)

7 May 2009

4 June 2009

2 July 2009 (Luxembourg)

3 September 2009

8 October 2009

5 November 2009

3 December 2009

14 January 2010

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