With the ongoing https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201126~c5c1036327.en.html  17/19  01/12/2020  Monetary policy in a pandemic: ensuring favourable financing conditions  interruptions to economic activity throughout 2020 and running into 2021, monetary policy continues to have a clear role to play in ensuring the preservation of favourable financial conditions.
This will remain an essential priority even in the post-pandemic phase, given that the macroeconomic hit from the pandemic is likely to persist even after medical solutions have been rolled out.