Proportionality test presented in a timely manner - taking control of the limits of monetary policy seriously as an ongoing task

Summary

As part of its integration commitment, the German Bundestag is working to uphold the ban on monetary government financing and proportionality in all ECB monetary policy decisions, creating working structures and measures for the continuous monitoring of the ECB's compliance with its mandate, including regular plenary debate on the ECB's annual report, setting up a subcommittee of the ECB Budget Committee, monetary dialogue with the Bundesbank, ECB surveys; Discussion about clarification of the ECB mandate, new understanding of price stability as an inflation rate of 0 to 2 percent, upper limit for government bond purchases

Machine translation from German. The official text remains authoritative.

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  Drucksache · DE · 1 July 2020

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