Strategy review

The ECB launched a strategy review in January 2020. The aim 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

New date for ECB Listens event coming soon

The listening event hosted by President Christine Lagarde and Chief Economist Philip R. Lane with civil society organisations has been postponed for the time being. We will announce a new date in due course.

Event programme

Listening events across Europe

The ECB and euro area national central banks will be hosting listening events with the general public, civil society organisations and academia. Ideas and perspectives shared at these events will feed into the strategy review.

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

2 April 2020
ECB extends review of its monetary policy strategy until mid-2021
21 February 2020
Philip R. Lane: The monetary policy toolbox: evidence from the euro area
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the 2020 US Monetary Policy Forum
20 February 2020
Luis de Guindos: The euro area economic outlook and the current monetary policy stance
Remarks by Luis de Guindos, Vice-President of the ECB, at the European Banking Federation Committee meeting
11 February 2020
Isabel Schnabel: Interview with Die Welt
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Anja Ettel and Holger Zschäpitz on 10 February 2020, published on 11 February 2020
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11 February 2020
Isabel Schnabel: Narratives about the ECB’s monetary policy – reality or fiction?
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Juristische Studiengesellschaft
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View all publications on the strategy review