This should not be interpreted as a policy of “benign neglect”, for the ECB can contribute to the euro’s internationalisation in various ways: first and foremost, by maintaining price stability in the euro area and safeguarding its internal purchasing power.
And we are also promoting financial market integration in Europe and the development of deep, liquid and efficient markets that support the internationalisation of our currency. Even though the international use of the euro has no specific implications and does not pose any challenges for monetary policy, the ECB, as the issuing central bank, closely analyses developments in this area.