monetary policy strategy

What is monetary policy strategy?

monetary policy strategy definition and meaning on Finance terms:
The general approach to the conduct of monetary policy. The monetary policy strategy of the ECB comprises a quantitative definition of the primary objective of price stability and an analytical framework based on two pillars – economic analysis and monetary analysis – which forms the basis of the Governing Council’s overall assessment of the risks to price stability and of its monetary policy decisions. It also provides the framework for explaining monetary policy decisions to the public. <