1. European Union — ECB Policy
- Publication Date:
- 01-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- This week's piece examines the ECB's monetary and communication policy. The Governing Council of the ECB has appeared fairly unmoved either by widespread criticism of its communication policy or by growing pressure for lower interest rates. The ECB has no choice but to remain committed to its price stability mandate, despite the change in economic climate. However, in doing so, it remains vulnerable to the dilemmas posed by the combination of strong independence and a narrow mandate.
- Topic:
- Economics and Politics
- Political Geography:
- Europe