We wanted to make sure our strategy is fit for purpose in a world that has changed significantly since the presmartphone era. Our decisions will influence the price of goods and services and ensure more stable economic conditions for businesses and households. The ECB and the nineteen national central banks represented at the Governing Council are part of the Eurosystem.
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.