[SLIDE 1] [SLIDE 2] Commitment to accommodative monetary policy benefits economic outlook The Governing Council of the ECB has taken a series of monetary policy measures to stimulate the economy. The aim is to maintain price stability over the medium term.
The regulatory reforms initiated by the G20 are therefore also aimed at reasserting market economy principles – such as the unity of liability and control in particular. Ultimately, functioning financial markets are indispensable for our general economic wellbeing, since they ensure the efficient allocation of risks and capital. BIS central bankers’ speeches  1  3.