The Governing Council of the European Central Bank (ECB) will hold its external meeting in Vilnius.
The Governing Council – the main decision-making body of the ECB – usually meets twice a month at the ECB’s premises in Frankfurt am Main, Germany. It assesses economic and monetary developments and takes its monetary policy decisions, i.e. sets the key interest rates for the euro area, every six weeks.
Once a year the ECB Governing Council holds an external meeting in one of the euro area countries. In 2017 the external meeting was held in Tallinn, the year before – in Riga. This will be the first time the Governing Council will take its monetary policy decisions in Lithuania.
The meeting in Vilnius is expected to host Mario Draghi, President of the ECB, the five other members of the ECB Executive Board, as well as the governors of the national central banks of the 19 euro area countries.