2.4  The medium-term orientation of the ECB’s strategy and the role of money  For good reason the ECB has chosen a strategy which does not focus exclusively on either a single indicator or a single analytical tool - be it money or an inflation forecast.
By contrast, the strategy offers an appropriate means of bringing together different analytical perspectives and of using all the information relevant to decision-making in a systematic way. The advantages of this approach are increasingly being recognised, not least from the perspective of the relationship between monetary and credit developments and asset prices.