Strategy review

The aim of the ECB’s strategy review is to make sure our monetary policy strategy is fit for purpose, both today and in the future.

The strategy review covers all aspects of our monetary policy, within the framework of our mandate which is to maintain price stability. The review will be based on thorough analysis and take an open-minded approach.

As part of the strategy review, we want to hear opinions from across Europe, including those from citizens, academics, Members of the European Parliament and civil society organisations.

We will leave
no stone unturned

ECB Listens event

President Christine Lagarde and Chief Economist Philip R. Lane hosted the first ECB Listens event on 21 October 2020. The virtual event brought together a range of European-level civil society organisations to hear their views on the impact of the ECB’s monetary policy and communication and on the global challenges ahead. These insights will be incorporated into our ongoing strategy review.

A summary of the discussions will be available in due course.

Watch the event

Event programme

Our response to the coronavirus pandemic

How is the ECB helping people and businesses in the euro area during these difficult times? Check out this overview of our monetary policy and banking supervision measures. We have put these measures in place to limit the impact of the coronavirus pandemic on the economy and support all European citizens.

Monetary policy measures (available in 23 EU languages)

We want your input!

Price stability matters for your everyday life, whether you are saving, borrowing, spending or investing. That is why we are here to listen to your ideas and concerns before making decisions on our future strategy. We want to collect views from across the euro area.

Have your say via the ECB Listens Portal

How are we carrying out the review?

The information we gather at the listening events, the ideas you submit to this website and the work carried out by central bank members of staff will feed into the Governing Council’s deliberations.

Work streams

Want to know more?

Why are we reviewing our strategy now? What is the review looking at? How can I have my say? Does the strategy review affect current monetary policy? Find the answers to these questions and more.



Find it below

17 October 2020
Fabio Panetta: Interview with Kathimerini
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eirini Chrysolora
Select your language
11 October 2020
Philip R. Lane: Interview with Wall Street Journal
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
1 October 2020
Luis de Guindos: Interview with Market News International
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 29 September 2020
30 September 2020
Christine Lagarde: The monetary policy strategy review: some preliminary considerations
Speech by Christine Lagarde, President of the ECB, at the “ECB and Its Watchers XXI” conference
24 September 2020
Philip R. Lane: Q&A on Twitter
Interview on Twitter with Philip R. Lane, Member of the Executive Board of the ECB, conducted on 24 September 2020

View all publications on the strategy review