Frank Smets on the ECB’s strategy review
The ECB’s DG of economics explains how expectations, communication, fiscal dominance, climate change and the Fed’s actions will be factored into the ECB’s delayed strategy review
The European Central Bank resumed the strategy review of its policy framework in September after the pause imposed by the pandemic in March. How has this period affected your operational plans to carry out the exercise, its timeframe and final objectives?
Regarding the timeframe, we aim to finish the process in the second half of 2021, so we have a year starting from now. Covid-19 hasn’t really changed the overall objective of the strategy review, which is to make the ECB’s monetary policy
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