The potential long-term effects of the coronavirus crisis on the economy and on monetary policy | Deutsche Bundesbank  Meanwhile, we are already hearing the odd murmur from those who want to go far beyond what is described in Woodford’s deﬁnition, with some even going so far to say that the Eurosystem should forgive sovereign debt.
Our job is to maintain price stability, ensuring that price changes within the broader economy don’t move either too high or too low. If prices increase (inflation) too quickly, it is harder for businesses and consumers to plan.