Which of the following is the best description of the monetary policy strategy followed by the European Central Bank (ECB)?
A)The ECB follows monetary targeting.
B)The ECB follows inflation targeting.
C)The ECB has a hybrid strategy with elements of both monetary targeting and inflation targeting.
D)The ECB has a Fed-like "just do it" approach.

Question

Quizplus · Accepted Answer

The ECB follows a hybrid strategy known as the "two-pillar" approach, which includes elements of both monetary targeting and inflation targeting. This strategy involves analyzing economic and monetary developments to achieve price stability.

Which of the Following Is the Best Description of the Monetary