Page Content Why is inflation currently so high?What is monetary policy?Why are stable prices important?What is the marginal lending facility rate?What is the main refinancing operations rate?What is economic slack?What is bitcoin?How does innovation lead to growth?Why is the ECB independent?What are minimum reserve requirements?What is the role of exchange rates?What are targeted loger-term refinancing operations (TLTROs)?What is the difference between nominal and real interest rates?What is the deposit facility rate?How does the ECB's asset purchase programme work?What is a central bank?What is the expanded asset purchase programme?The ECB`s negative interest rateWhat are benchmark rates, why are they important and why are they being reformed?