ECB Governing Council

3 November 2025

This interactive table is built around Econostream's ranking of the 26 members of the European Central Bank Governing Council in terms of hawkishness/dovishness, periodically updated as views evolve. For each member, it also offers a convenient overview of select fundamental data points as well as linking directly to the respective policymaker's latest monetary policy-relevant comments.

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Thoughts

7 October 2025 – We have added Banco de Portugal Governor Álvaro Santos Pereira to the hawk-dove ranking. Pereira replaced Mário Centeno as of 6 October 2025. For now, we have assigned him a clearly dovish score, but one much more moderate than that of his famously dovish predecessor. Pereira himself asserted three weeks ago in a confirmation hearing before Portuguese Parliament that he was "absolutely not a dove," but we strongly doubt that he is not to the dovish side of the center. Time will tell.