* * * It is a pleasure to have the opportunity to address NYU Stern’s Center for Global Economy and Business.1 Today, my aim is provide an overview of the current monetary policy of the ECB’s Governing Council.
As a reminder, the press statement following the most recent monetary policy meeting of the Governing Council on September 8th provided the following summary of the current policy stance: “Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged unchanged.