To this end, monetary policy decisions taken by the ECB are explained “in real time” at a press conference immediately after each rate-setting Governing Council meeting. The ECB’s record over the past nine years has been a positive one. It has delivered low levels of inflation, inflation expectations and long-term interest rates.
What are the necessary components of a Banking Union? To our mind, a Banking Union requires a Single Supervisory Mechanism (SSM) and a Single Resolution Mechanism (SRM). The Single Supervisory Mechanism A lot of progress has been made on the SSM. Last month, the EU legislature gave the final green light to the Regulation.