It follows from this that notably the Eurosystem (as a new monetary policy institution, which, moreover, enjoys a status of substantial independence in the discharge of its stability policy mandate) should endeavour to adopt a policy approach which is as transparent as possible. Frankly speaking, I cannot see what more the Eurosystem could do in order to accomplish that.
In the first place, its objective is defined with all due unambiguity in the Treaty of Maastricht. And with respect to the chosen monetary policy strategy, and  3  Cf. Sveriges Riksbank, Inflation Report 4/1998, page 42f. BIS Review 40/1999  4  also to the range of instruments at its disposal, the Eurosystem has meanwhile kept the general public comprehensively informed.