The communication policy of the European Central Bank: An overview of the first decade

Since its inception, the European Central Bank (ECB) has regarded communication as an integral part of its monetary policy. It has communicated frequently to the public on various issues, such as its objective, its policy decisions, and the economic outlook. In doing so, the ECB has used various communication channels. For instance, the ECB extensively uses press conferences to inform the public on its decisions almost on a real-time basis. In addition, the ECB employs other communication channels, like the Monthly Bulletin, its website, as well as speeches by and interviews with prominent ECB policymakers.