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European Central Bank - eurosystem
European Central Bank - eurosystem
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  • Monetary policy & markets
    Monetary policy & markets

    Our monetary policy strategy, the tools we use and the impact they have

    Overview of monetary policy and markets
    Quick links
    • What is monetary policy?
    • Strategy review
    • Asset purchase programmes
    Latest monetary policy press conference
    24 July 2025
    • Introduction
      • Benefits of price stability
      • Scope of monetary policy
      • Transmission mechanism
    • Decisions, statements & accounts
    • Monetary policy strategy
      • Strategy review
      • Medium-term orientation
      • Two per cent inflation target
    • Economic, monetary and financial analysis
      • Economic analysis
      • Monetary and financial analysis
    • Instru