Making our economies work better So, the ECB’s monetary policy has played a crucial role in promoting investment, consumption and, ultimately, price stability by reducing the borrowing rates faced by the real economy. It is therefore fair to say that many of the jobs created over the past few years can be partly attributed to the success of ECB policies.
If this is done, sooner rather  BIS central bankers’ speeches  3  than later we will see a promising future in the global economy. No one wants the crisis from dragging on indefinitely, or that every time expectations of a solution emerge they are quickly refuted by new shocks or setbacks.