ECB's Villeroy Sees Fall as Time to Adopt Stimulus Plan

The transcript discusses the European Central Bank's (ECB) approach to unwinding its Quantitative Easing (QE) program and adjusting monetary policy to achieve a self-sustained inflation target of around 2%. It highlights the ECB's strategy to adapt the intensity of its accommodative monetary policy based on progress towards economic recovery and inflation targets. The discussion also covers market expectations, the importance of maintaining independence from political pressures, and the impact of global political risks, such as Brexit and American policies, on economic stability and growth.

What does the ECB mean by 'accommodative monetary policy'?

How does the ECB plan to adapt its monetary policy in the future?

What is the significance of the G20 summit in relation to global growth?