BCE - Annual Report 2023

The ECB's website has been updated with the ECB’s Annual Report for 2023, a year in which the ECB consolidated progress in its fight against inflation. As well as assessing economic developments in the euro area in 2023, the Annual Report gives an account of the Eurosystem’s monetary policy and other activities conducted by the European System of Central Banks (ESCB). In response to European Parliament resolutions, it also includes a box explaining how the ECB’s secondary objective is considered in the conduct of the ECB’s monetary policy and reporting activities