We analyse the euro area economic outlook, the European Central Bank’s monetary policy stance and its communication strategy. We offer suggestions for complementing monetary policy statements: including additional indicators, publishing scenario analyses, and being more explicit about secondary objective considerations. We indicate guidelines for future policy analysis, like how structural changes in the economy influence monetary policy, trade-offs between different roles of the ECB, the impact of rate setting on the green transition, and additional scenarios for digital euro introduction. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 3 December 2025. Source : © European Union, 2025 - EP Read more