As the Governing Council of the ECB (European Central Bank), we are judged by our words and, above all, by our actions. We need to bring inflation back to our target in the medium term. At the press conference following the Governing Council meeting in early June, Ms Lagarde spoke of the Eurosystem embarking on a journey.
Inclusion of information  3  Initial focus on understanding and discussing information; decision meetings clearly separated from information and deliberation meetings. Decision meetings chaired by Governor. Inclusion of people  Deliberation meetings allocated enough time for discussion. Clear avenues provided for expressing minority views. There are three principles which guide the deliberations within the MPC.