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Monetary policy
Objective
The primary objective of the ECB’s monetary policy is to maintain price stability.
The ECB aims at inflation rates of below, but close to, 2% over the medium term.
Recently published
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Annual Report 2005, April 2006
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Backgrounders
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The implementation of monetary policy in the euro area: general documentation on the Eurosystem monetary policy
instruments and procedures, September 2006,
pdf 1.1 MB,
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Euro money market survey 2005,
pdf 161 kB,
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Euro money market study 2004,
pdf 1.8 MB,
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Euro bond market study,
pdf 900 kB,
en
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Bond markets and long-term interest rates in non-euro area Member States of the European Union and in acceding countries – addendum incorporating 2004 figures,
pdf 758 kB,
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The monetary policy of the ECB (second edition, January 2004),
1.6 Mb,
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The European Central Bank - History, role and functions, October 2004,
pdf 1.5 MB,
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