23 January 2020
ECB's review of its monetary policy strategy is expected to be concluded by end of 2020
The ECB released a statement regarding the launch of its monetary policy strategy review.
Key highlights:
- This is the first review since 2003;
- Review will encompass quantitative formulation of price stability, monetary policy toolkit, economic and monetary analyses and communication practices;
- Other considerations, such as financial stability, employment and environmental sustainability, will also be part of review;
- Expected to be concluded by end of this year;
- Review will be based on thorough analysis and open minds, engaging with all stakeholders