BENOÎT CŒURÉ, MEMBER OF THE EXECUTIVE BOARD OF THE ECB SPEECH ON MONETARY POLICY: THE CHALLENGES AHEAD

Benoît Cœuré, Member of the Executive Board of the ECB made his speech on Monetary Policy.

Technological progress will continue to transform monetary policy in the future.

And there will be revolutionary changes, similar in scale and scope to the shift from banknotes to bank deposits a few centuries ago or the recent adoption of negative interest rates. Technology will create new policy choices and options enabling central banks to continue acting within their mandates.

As Mario Draghi said at his last press conference: “Never give up!”

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Source: European Central Bank

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