Flash: So, what’s the ECB’s mandate? – BBH

FXstreet.com (London) - Research teams at BBH said that The Federal Reserve has three mandates: financial stability, price stability, and full employment. The ECB has one: price stability.

Key Quote:

“Draghi admitted that because it is the only goal, inflation needs a low target, and refused to be pulled into questions about risks posed to what Draghi called the weak, uneven, and fragile recovery by the tightening of monetary conditions and the sharp fall in price pressures”.