The monetary policy strategy sets out the fundamental principles and tools for fulfilling the Eurosystem’s mandate to maintain price stability.
In doing so, it safeguards the value of the euro, supports economic growth and job creation, and promotes social welfare and cohesion. Moreover, the monetary policy strategy contributes to a better understanding by the markets and the public of monetary policy decisions.
The importance of the monetary policy strategy makes its regular review necessary, so that it can adapt to changing economic conditions. The aim of the review is to ensure that the monetary policy strategy remains appropriate, both now and in the future, for achieving the primary objective of the Eurosystem — namely, price stability over the medium term.