Analysis on European Central Bank’s Monetary Policy
|Keywords||Monetary policy European Central Bank Price stability Two-pillar|
The European Central Bank was born in 1998 , is responsible for formulating policy and implemented by the Central Bank of the Member States of the euro zone single currency . As a supranational institution , the European Central Bank did pioneering work in the field of monetary policy is undoubtedly a great attempt , its analysis for the world , including China , countries (regions) to provide the latest experience . The ultimate goal of the European Central Bank monetary policy is price stability , the intermediary target as \standby financing facility and open market operations and short-term money market interest rates as the operating target . Starting from the main content of the monetary policy , the main line of the intrinsic link between the target system and tool system , conducted a comprehensive analysis of the European Central Bank 's monetary policy , and strive to explore the theoretical basis and complete picture of the operating mechanism , and finally arrive at the two points benefit of revelation, that the monetary policy for the medium-term and comprehensive analysis of a variety of economic information .