The President started her introduction by looking back at the strategy review that the Governing Council had been conducting over the previous 18 months, drawing on an immense collective effort by staff at the ECB and the national central banks (NCBs) of the euro area. While taking the ECB’s primary mandate of price stability as a given, the review had allowed the Governing Council to challenge its thinking, engage with numerous stakeholders, reflect, discuss and reach common ground on how to adapt its strategy. The new strategy, which would be reflected in the document entitled “The ECB’s monetary policy strategy ... (full story)