This is because price stability in the euro area is a fundamental obligation assigned to the ECB by the Maastricht Treaty. Moreover, by maintaining price stability, monetary policy makes its best possible contribution to the achievement of a high level of growth and employment in the long term. An important feature of this conference series is that it welcomes the presence of the press.
Participation by journalists in this type of conference should provide them with additional background information on monetary policy issues. This should serve to enhance the public’s knowledge of policy-making at the ECB, as well as to further consolidate the ECB’s openness, transparency and accountability.