ECB's Mersch: Central banks need well-defined, narrow mandates

Author: Justin Low | Category: Central Banks

Comments by ECB governing council member, Yves Mersch

  • Independent monetary policy has brought important benefits to the economy
  • Remains essential for us to continue fulfilling our mandate of price stability
Sadly, without help from the fiscal side of things, the monetary policy transmission just isn't quite working out for the euro area economy.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose