Mario Draghi: Money and monetary institutions after the crisis Speech by Mr Mario Draghi, President of the European Central Bank, at the Conference on “Money and monetary institutions after the crisis”, in memory of Curzio Giannini, Bank of Italy, Rome, 10 December 2013.
*  *  *  Summary Central banks should continue to focus primarily on what they can and are mandated to achieve, which is price stability over the medium term. Delivering on their mandate is the only way for central bankers to maintain public trust. Pursuit of this mandate must be backed indirectly by public preferences, seen from a longerterm perspective.