People’s views diverge as to which economic priorities the ECB should focus on. After recalling the economic rationale of the ECB mandate, as well as the legal framework, this posts gives some insights into the reasons why its new strategy takes account of other considerations, such as climate change, in the way in which the ECB fulfils its mandate.
Chart 1. What is the primary objective of the ECB monetary policy? Source: Survey conducted by Kantar on behalf of the Banque de France in October 2020 by phone. Note: Sample: 1,005 individuals, 18 years and over.