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Monetary Policy In The Eurozone, Arbiana Govori
Monetary Policy In The Eurozone, Arbiana Govori
UBT International Conference
The main goal of the ECB monetary policy is to keep prices stable and the inflation rate below or close to 2% in the medium term. The legal basis for the single monetary policy is set out in the Treaty on European Union, the Treaty on the Functioning of the European Union, and the Statute of the ECB and the ESCB. The monetary policy strategy of the Eurozone countries is also associated with the stability of the balance of payments
To achieve its main objective, the ECB uses a set of monetary policy instruments as well as various procedures. The …