Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
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Monthly list of the Governing Council's non-monetary policy decisions for October. It covers Lagarde's announced departure, the onboarding of the Riksbank to T2, three legislative opinions and changes to the Eurosystem accounting framework.
Key points
- Lagarde will step down as President on 7 February 2027
- Approval of the agreement for Sveriges Riksbank to use T2 services and an updated one for Danmarks Nationalbank
- Opinions on Belgium (market abuse), Cyprus (central bank governance) and Slovenia (access to cash)
- Petra Senkovic chairs the Legal Committee from 1 November 2026; the Western Balkans cooperation programme is extended to Moldova and Ukraine
Who is affected
ESCB central banks, national authorities and T2 participants
Plain-language version
The ECB, the euro area's central bank, has published its October decisions on matters other than interest rates. It confirms Christine Lagarde will step down as president on 7 February 2027 and that Sweden's central bank is joining T2, the Eurosystem's system for large euro payments between banks. It also gave opinions on laws in Belgium, Cyprus and Slovenia, the last one on access to cash.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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