The main task of the European Central bank is to maintain price stability. But emergency measures introduced during the financial crisis have cast doubt on its political independence. MADE looks at the nuts and bolts of exactly how the ECB works.
Ever since eurozone interest rates turned negative in 2014, a debate has raged about whether or not this makes economic sense. DW explains how they came about and why the monetary policy tool is a double-edged sword.
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
There's no denying that central bankers are fixated on achieving an inflation rate of 2%. Persistently they fail. So why the obsession with this arbitrary metric, asks DW's Kate Ferguson.
Interest rate cuts and bond-buying programs to boost Europe's flagging economy "overshot the mark," according to Jens Weidmann. And he wasn't the only central banker to criticise Mario Draghi's monetary policy plans.
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