Price stability is the main goal of the Eurosystem. To meet this objective, the European Central Bank (ECB) adopts measures via the euro area’s single monetary policy. Setting and implementing this policy falls under the basic competence of a central bank. Each central bank strives to keep the value of money stable by making sure that inflation is neither too high nor too low but remains stable and predictable. In the euro area, the objective is to have an inflation rate of 2 % in the medium term. In this way, monetary policy also contributes, inter alia, to sustainable growth and employment.
What does that mean for you?