12 / 14  BIS central bankers' speeches  voxeu.org/article/euro-monetary-independence-monetary-sovereignty Stournaras, Y. (2019), Interview for the Sunday edition of “Kathimerini” newspaper and Eirini Chrysolora, 14 July. www.bankofgreece.gr/Pages/en/Bank/News/Speeches/DispItem.aspx? Item_ID=606&List_ID=b2e9402e-db05–4166–9f09-e1b26a1c6f1b Stournaras, Y. (2019), “The Greek economy 10 years after the crisis and lessons for the future both for Greece and the Eurozone” Speech at the European Court of Auditors, Luxemburg, 28 June. www.bankofgreece.gr/Pages/en/Bank/News/Speeches/DispItem.aspx? Item_ID=604&List_ID=b2e9402e-db05–4166–9f09-e1b26a1c6f1b Stournaras, Y.
We should also keep in mind that while inflation is the sole objective of a central bank, the public also pursues its own objectives, such as job creation and improvement of incomes. For this reason, the inflation targeting framework retains the fundamental monetary policy paradigm of striking the optimum balance between inflation and output.