The strategy of the Eurosystem is based on two pillars, the first being a prominent role for money and the second a broadly based assessment of the outlook for price developments. To give money a prominent role in its monetary policy analysis is quite a natural thing for a central bank geared towards price stability to do, because inflation is ultimately a monetary phenomenon.
London is — and under all scenarios will probably remain — one of the world’s most important financial centers for the foreseeable future. However, as a consequence of Brexit, we have seen UK firms move to several EU financial centers. These firms wanted to be safe in the knowledge that they could continue to serve EU customers.