The ECB’s monetary policy places particular emphasis on the need to take all relevant information and models into account when formulating policy decisions. Fourth, our framework enhances the transparency and accountability of the ECB. The framework helps to convey to the public the complexity surrounding the monetary policy process, providing an honest account of all the relevant factors considered in monetary policy deliberations.
Chart I: Old age dependency ratio (65+ in % 20-64). 6  BIS Review 142/2008  2.  the preservation of the purchasing power of money, where pension funds as longrun investors have a great interest that the ECB fulfils its mandate of price stability.