ECB Governing Council held the first in-person meeting in more than a year over the weekend and carried out in-depth discussion about the strategy review. The topics addressed include “the definition and measurement of price stability, the underlying analytical framework, the medium-term orientation, the role of climate change in formulating monetary policy, and the modernisation of policy communication.”
“It was good to meet again in-person and the hilly Taunus countryside was ideal to reconnect after months of only digital meetings”, ECB President, Christine Lagarde, said. “I am glad we were able to have in-depth discussions and we made good progress in shaping the concrete features of our future monetary policy strategy at our retreat.”
