ECB’s Patsalides: To Stick to Meeting-by-Meeting, Data-Dependent Approach

12 June 2025

ECB’s Patsalides: To Stick to Meeting-by-Meeting, Data-Dependent Approach
Christodoulos Patsalides, governor of the Central Bank of Cyprus, at the European Central Bank Governing Council meeting in Ljubljana, on October 17, 2024. Photo by Adrian Petty/ECB under CC BY-NC-ND 2.0.

By David Barwick – FRANKFURT (Econostream) – The European Central Bank will continue to set monetary policy on a meeting-by-meeting, data-dependent basis, according to ECB Governing Council member Christodoulos Patsalides on Thursday.

In a speech before the Association of Cyprus Banks, Patsalides, who heads the Central Bank of Cyprus, said that gradual monetary easing had made significant progress after an extended period of tight policy.

‘Our approach as the  Governing  Council is  flexible and agile and under the current conditions of high uncertainty will continue to be based on the assessment of the latest economic data and developments at each meeting with a view to shaping the appropriate monetary policy stance’, he said.

‘For banks, this implies the need for constant vigilance and adaptation – both in terms of financing the real economy and in terms of risk management’, he said.