Bank of Lithuania
July 20
Frankfurt am Main

Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, and Raimondas Kuodis, Member of the Board, will participate in the meeting of the Governing Council of the ECB held in Frankfurt am Main.

The Governing Council is the main decision-making body of the ECB. It consists of the six members of the Executive Board and the governors of the national central banks of the 19 euro area countries.

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.

Last update: 10-08-2017