By working towards keeping domestic inflation low, stable, and predictable, the Bank contributes towards solid, sustainable economic growth and a higher standard of living for the community. The autonomy and objectives of the Bank are entrenched in the Constitution that specifies that the Bank, in pursuit of its primary objective, must perform its functions independently and without fear, favour or prejudice.
With a digital euro, we aim to transport all the benefits of cash into the digital sphere: A digital euro would give the general public access to an efficient and convenient means of payment. It would be broadly useable throughout the euro area – just like cash is today. The euro area consists of 20 countries.