The monetary policy strategy of the euro area does not target the exchange rate. The external value of the euro is one of many factors shaping the prospects for price stability. The ECB Governing Council closely monitors developments in the euro’s exchange rate.
Transparency—banks need to fully and widely disclose the pricing (all charges and fees) of their products. To this end, the Cost of Credit website and a mobile app that enable customers to “window shop” for personal loans and mortgages were launched in 2017. Further improvements are needed to incorporate more products and improve the overall customer experience.