The European Central Bank (ECB) has launched a portal on its website dedicated to the Strategic Review announced by President Christine Lagarde upon her appointment last November.
The review – the first in almost two decades – will focus on stakeholder feedback and transparency. The ECB will be updating the public with progress at regular intervals.
To ensure that nuances across the euro area are picked up, national central banks – including the Central Bank of Malta – will host events in their own countries in April and May, aimed at all stakeholders.
These will kick off with an ECB event on March 26 in Brussels spearheaded by Ms Lagarde and Chief Economist Philip Lane. The event will be webcast live, and a summary of the contributions sent in during this event will be published.
Over the coming months, the ECB portal will allow citizens to give their input via an online form. The portal will give links to recommended reading on some of the themes to be tackled by the review from inflation and globalisation, monetary policy and climate change. A ‘Question and Answer’ section will tackle some of the main issues.
“Price stability matters for your everyday life, whether you are saving, borrowing, spending or investing,” the portal explains.
“That is why we are here to listen to your ideas and concerns before making decisions on our future strategy.”
National central banks will also be gathering feedback through ‘listening events’ in each country, details of which will be given in the future. The Central Bank of Malta has also set up a dedicated e-mail firstname.lastname@example.org for those interested in the process. A qualitative summary of the feedback will be passed on to the ECB in due course.