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ECB Forum on Central Banking

The ECB Forum on Central Banking is an annual event organised by the European Central Bank and is held in Sintra, Portugal.

It brings together central bank governors, academics, financial market representatives, journalists and others to exchange views on current policy issues and discuss the Forum’s key topic from a longer-term perspective.

Conference proceedings

The 2022 ECB Forum on Central Banking “Challenges for monetary policy in a rapidly changing world” took place from 27 to 29 June 2022. Its topic had been changed to reflect recent global developments. Have a look at the collection of the papers discussed at the Forum.

Conference proceedings of the 2022 ECB Forum on Central Banking

At the 2022 Forum we considered the challenges facing the euro area economy. Higher inflation, notably as a result of rising energy prices, pandemic-related supply shortages and the release of pent-up demand, has created a difficult and uncertain environment for central banks around the globe. And Russia’s invasion of Ukraine has complicated the economic outlook even further, particularly for Europe. We looked at the implications of all this for the euro area economy in the global context, including trends that seem to have been reinforced by the pandemic, and at how they may affect monetary policy in the future.

More specifically, on the subject of euro area inflation and its causes, we discussed the role of international production networks and key factors in the behaviour of energy prices, including geopolitical developments and changes in supply structures. As for monetary policymaking, we exchanged views on the impact of inflation expectations and real estate booms. Our programme also included sessions on new technologies, enabling us to look at how digital technologies and the potential for increased globalisation of services could affect European labour markets, as well as to discuss again central bank digital currencies in the current global environment and the features of a potential digital euro.


Leading voices in the world of central banking came together for two days to offer their perspectives on the key topic of this year’s Forum. The event featured presentations and discussions, as well as the award ceremony for the ECB Young Economist Prize 2022.

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Young Economist Prize 2022

Every year the ECB offers PhD students in economics or finance the opportunity to share their research at the ECB Forum on Central Banking and win €10,000. Applications for this year’s Young Economist Prize closed on 13 February 2022. Follow our social media channels to meet our 2022 finalists and find out when the call for papers is issued in 2023.

More information


Learn more about our speakers, their backgrounds and their diverse expertise and professional experience.

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Thank you to the participants at this year’s Forum for asking interesting questions and voting in the Young Economist Prize.

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Various international and national media are invited to attend the Forum each year.

For media

2021 ECB Forum on Central Banking - Beyond the pandemic: the future of monetary policy

2021 Forum

The 2021 ECB Forum on Central Banking took place as an online event on 28 and 29 September 2021.

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Highlights from the 2021 Forum

Have a look at the programme of the 2021 Forum. There you can also find the speeches and videos of the event.


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