Several empirical studies have concluded that the overall effect of unconventional monetary policy measures on income and wealth inequality is small.1 Overall, the easing of monetary policy would seem to have somewhat diminished inequality in recent years in the euro area, especially via increased employment for lower-income households.
A lower frequency of meetings will not affect our ability to respond to new information in a timely manner. And it will in fact increase the value of information generated by each discussion, thereby ensuring that our communication contains more signal and less noise.