In my remarks today, I will outline some of the key elements of our new strategy and provide an update on the outlook for the economy and for inflation, together with some reflections on our current monetary policy stance. Then, at the explicit request of this Committee, I will discuss the topic of financial dominance.
The ECB’s new monetary policy strategy in practice Starting with our price stability objective, the new strategy incorporates two key innovations. First, we have adopted what I would call a simple and clear symmetric inflation target of two per cent over the medium term.