What is monetary policy?

In this page of the Deep dive into the ECB path, you can learn more about monetary policy – or in simple terms the decisions central banks take to influence the cost and availability of money in the economy as they work to keep prices stable. Go back to the main explainers page and browse all of our content. The next page of the Deep dive into the ECB path covers our unconventional monetary policy instruments. We use functional cookies to store user preferences; analytics cookies to improve website performance; third-party cookies set by third-party services integrated into the website. You have the choice to accept or reject them. For more information or to review your preference on the cookies and server logs we use, we invite you to: Read our privacy statement Learn more about how we use cookies We are always working to improve this website for our users. To do this, we use the anonymous data provided by cookies. See what has changed in our privacy policy We are always working to improve this website for our users. To do this, we use the anonymous data provided by cookies. Learn more about how we use cookies