Monetary policy can only be credible if we ensure that our goals are truly understood and shared by the people we serve. As an independent central bank, we are and will remain accountable to them. [1] Rostagno, M., Altavilla, C., Carboni, G., Lemke, W., Motto, R., Saint Guilhem, A. and Yiangou, J.
In the central bank as well there are numerous ways to increase efficiency and predictability. We saw from Professor Eijffinger’s speech that the predictability of monetary policy favourably influences the performance of the economy. Transparent monetary policy contributes to the creation of an environment with constantly low interest rates.