The ECB’s recent monetary policy decisions In the light of this economic outlook, at our monetary policy meeting in October, we decided to recalibrate our monetary policy instruments.
The re-calibration of our policies for the period beyond the end of this year is meant to preserve the degree of monetary stimulus that is still necessary to secure a sustained return of inflation rates towards levels below, but close to, 2% in the medium term. Let me briefly explain the four main decisions the Governing Council took.