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The ECB Forum brings together central banks in Sintra in the face of the new interest cycle

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Central bankers will meet again at the European Central Bank Forum, in Sintra, starting on Monday, after the central bank led by Christine Lagarde delivered its first interest rate cut.

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks during a press conference following the Governing Council's monetary policy meeting, in Frankfurt, Germany on April 11, 2024. REUTERS/Kai Pfaffenbach/File Photo

The European Central Bank Forum will bring together central bank governors in Sintra from Monday to Wednesday, in a meeting marked by the new cycle of interest rate cuts and the evolution of inflation in Europe.

The new edition, themed “Monetary Policy in an Era of Transformation,” begins on Monday, July 1, at the end of the day, with an opening address by Christine Lagarde, President of the European Central Bank.

On Tuesday, the day will feature several sessions. The first, led by Luis de Guindos, Vice-President of the European Central Bank, will have the theme “The Rise and Fall of Inflation in the Eurozone.” Later, there will be a panel discussion on geopolitical shocks and another that will include prominent figures such as Jerome Powell, Chairman of the US Federal Reserve, and Roberto Campos Neto, Governor of the Brazilian Central Bank, but also with the leader of the European Central Bank. Christine Lagarde.

On the last day of this bankers' meeting, the euro area's short-term and long-term monetary policy and productivity cycles will be discussed in two different sessions. There will also be a panel on the key drivers of equilibrium interest rates, moderated by Philip R Lane, President of the European Central Bank.

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At the end of this meeting, current problems facing the international financial system will also be discussed, with the President of the European Central Bank responsible for concluding the forum.

This year's ECB forum is taking place after the central bank moved forward to cut interest rates – cutting them by 25 basis points at its meeting in June. A step taken after the start of a cycle of rising interest rates – between July 2022 and September 2023 – to try to stop rising inflation.

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