And all of them can trust the single monetary policy which, through its pursuit of price stability, safeguards the purchasing power of the euro. The ECB and the international role of the euro This brings me to the policy approach adopted by the Eurosystem on the internationalisation of its currency.
Unwinding the extraordinary measures was one of the messages highlighted during the IMF-Word Bank Spring Meetings held last April. Balancing the need to safeguard economic recovery and controlling inflation would be a key challenge for policymakers going forward. The balancing act requires a well-planned, well-calibrated, and well-communicated exit strategy to avoid causing substantial market volatility, reduce potential spillovers, and continue the recovery momentum.