Bank of Italy

The aim of the ECB's strategy review was to make sure our monetary policy strategy is fit for purpose, both today and in the future.

The strategy review covered all aspects of our monetary policy within the framework of our mandate, which is to maintain price stability.

We listened to opinions from across Europe, including those from citizens, academics, Members of the European Parliament and civil society organisations.

The outcome of our strategy review

Press release

ECB approves its new monetary policy strategy

ECB presents action plan to include climate change considerations in its monetary policystrategy

Press conference

President Christine Lagarde and Vice-President Luis de Guindos presented the outcome of the strategy review.

Further details

A clear and symmetric 2% inflation target for the ECBpdf 280.4 KB Publish date::07 December 2021
Strategy review key topics (external link) Separate workstreams looked at key topics for the strategy review. They considered information gathered during listening events across the euro area and via the ECB Listens portal.
Overview of listening events across the euro area (external link) The ECB and national central banks across the euro area hosted various listening activities with the general public, civil society organisations and academia. Ideas and perspectives shared at these events fed into the strategy review.
Questions and answers on the strategy review (external link) Why did we review our strategy? What did the review look at? How were citizens able to have their say? Find the answers to these questions and more.

The review of the Eurosystem's monetary policy strategy

At the beginning of 2020, the ECB and the national central banks of the euro area launched a review of the Eurosystem's monetary policy strategy. As part of this review, the Bank of Italy launched a dialogue with representatives of business, labour markets, socially engaged organisations, youth, sustainable development players, academy and media.

The outcome of the strategy review8 July 2021

The outcome of our strategy review

Press release

Press conference

Further details

Related Topics

The review of the Eurosystem's monetary policy strategy

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