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This fact sheet explains how the European Central Bank (ECB) and the European System of Central Banks (ESCB) – consisting of the ECB plus all EU national central banks – conduct monetary policy in the euro area. It sets out the legal basis and primary objEU Fact Sheets - European monetary policy - 10-07-2026
This fact sheet explains how the European Central Bank (ECB) and the European System of Central Banks (ESCB) – consisting of the ECB plus all EU national central banks – conduct monetary policy in the euro area. It sets out the legal basis and primary objective of price stability, describes the main policy instruments – from interest rates and open market operations to asset purchase programmes – and outlines how the ECB’s strategy has evolved, most recently with the June 2025 strategy review. It also explains how the European Parliament holds the ECB to account through regular dialogues, resolutions and written questions. Source : © European Union, 2026 - EP Read more











