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Options for the ECB’s Monetary Policy Strategy Review

20-10-2020 - 15:37 ECON
© European Union (2020) - European Parliament

With suitable modifications of monetary policy strategy, and better use of the authority delegated to it, the ECB could greatly improve its success in fulfilling its mandate. This study, provided by Policy Department A at the request of the committee on Economic and Monetary Affairs (ECON), examines the ECB's mandate and the unique challenges it faces. Based on this analysis, it recommends that recent, temporary corrections lead to permanent adjustments to the ECB’s monetary policy strategy.