European MPs stress the importance of the independence of the European Central Bank
BRUSSELS, 10 FEBRUARY/WAM/ The European Parliament adopted its annual recommendations regarding the policies of the European Central Bank for the year 2026, and stressed that the bank’s independence from political pressures represents a cornerstone of ensuring price stability, especially in light of the escalation of economic tensions and the return of inflationary fears.
The representatives stressed that independence must be accompanied by accountability and transparency, noting the need for central banks not to operate in isolation from democratic institutions, and expressed their support for the existing solidarity between the European Central Bank and its counterparts around the world, including the US Federal Reserve.
The European Parliament affirmed its support for the launch of the digital euro as a tool to enhance the monetary sovereignty of the European Union and strengthen the single market, and stressed the importance of preserving the role of paper money.
The representatives warned of the dangers of private or non-European companies dominating digital payment systems, calling for tightening control over crypto-assets.
Regarding the inflation file, Parliament criticized the performance of the European Central Bank during the recent period of rising prices, considering that the return to price stability was delayed.
The representatives expressed their concern about the rise in the cost of living since the Covid-19 pandemic, after food and energy prices rose significantly, which had a greater impact on those with limited income.
The representatives stressed that any move towards additional easing of monetary policy must be done with caution and based on economic data, while keeping price stability as the main goal.
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