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Document 11992M/PRO/SEBC/02

Treaty on European Union - Protocol on the statute of the european system of central banks and of the European Central Bank - Chapter II: Objectifs and tasks of the ESCB - Article 2: Objectifs

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11992M/PRO/SEBC/02

Treaty on European Union - Protocol on the statute of the european system of central banks and of the European Central Bank - Chapter II: Objectifs and tasks of the ESCB - Article 2: Objectifs

Official Journal C 191 , 29/07/1992 P. 0069


Article 2

Objectives

In accordance with Article 105(1) of this Treaty, the primary objective of the ESCB shall be to maintain price stability. Without prejudice to the objective of price stability, it shall support the general economic policies in the Community with a view to contributing to the achievement of the objectives of the Community as laid down in Article 2 of this Treaty. The ESCB shall act in accordance with the principle of an open market economy with free competition, favouring an efficient allocation of resources, and in compliance with the principles set out in Article 3a of this Treaty.

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