2.1 Monetary policy: towards an exit strategy According to Article 127 of the Treaty on the Functioning of the European Union (TFEU), the primary objective of the European System of Central Banks (Eurosystem) is “to maintain price stability.
Without prejudice to the objective of price stability, the ESCB supports the general economic policies of the Union with a view to contributing to the achievement of the objectives of the Union as laid down in Article 3 of the Treaty on European Union”.