The Governing Council of the European Central Bank (ECB) launched a review of its monetary policy strategy. The monetary policy strategy was adopted in 1998 and some of its elements were clarified in 2003.
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.
You are invited to submit a paper to the Symposium on climate change, financial markets and green growth, organised by the Centre for Economic Policy Research (CEPR), the European Bank for Reconstruction and Development (ERBD), and the European Central Bank (ECB). The symposium will provide a platform for researchers and policymakers to discuss new research and to identify areas where further academic and policy-oriented work is needed.