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BUSINESS AREAS
Analysis and research
Banknotes and coins
Central Balance Sheet Data Office
Conduct
Public debt
Financial stability
Statistics
Monetary policy
Resolution
Payment systems
Banking Supervision
Monetary policy
Home
Monetary policy
Monetary policy in the euro area and its instruments
The ECB and its monetary policy strategy
The ECB and its monetary policy strategy
What is the European Central Bank?
What is the ECB’s objective?
What is the ECB's monetary policy strategy?
Why has the inflation target been set at 2%, rather than at 0%?
Why a medium-term inflation target?
How does the ECB announce its monetary policy decisions?
Related Information
ECB website
Strategy review
Strategy review key topics
Gobernanza del BCE
RELATED PUBLICATIONS
The independence of economic authorities and supervisors. The case of the Banco de España (Testimony by the Governor of the Banco de España before the Audit Committee on Democratic Quality / Congress of Deputies, 22 December 2020).
Review of the European Central Bank’s monetary policy strategy (Box 4 of the Quarterly report on the Spanish economy, September 2021).
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Other useful information
The ECB and the Eurosystem explained in three minutes (video).
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