Context: The primary objective of the European Central Bank, as laid down in Article 127(1) of the Treaty on the Functioning of the European Union, is to maintain price stability within the Eurozone. The Governing Council in October 1998 defined price stability as inflation of under 2%, “a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of below 2%” and added that price stability ”was to be maintained over the medium term”. (Harmonised Index of Consumer Prices) Unlike for example the United States Federal Reserve Bank, the ECB has only one primary objective but this objective has never been defined in statutory law, and the HICP target can be termed ad-hoc.

Question: What is price stability defined as?
Answer: inflation of under 2%

Question: What did the Harmonised Index of Consumer Prices state that price stability had to be maintained at?
Answer: over the medium term

Question: When did the Governing Council define price stability?
Answer: October 1998

Question: What is the primary goal of the ECB?
Answer: maintain price stability within the Eurozone

Question: Where is the primary mission of the European Central Bank listed?
Answer: Article 127(1) of the Treaty on the Functioning of the European Union

Question: What is price stability incorrectly defined as?
Answer: Unanswerable

Question: What did the Harmonised Index of Consumer Prices state that price stability had to be decreased from?
Answer: Unanswerable

Question: When did the Governing Council forbid price stability?
Answer: Unanswerable

Question: What is the third goal of the ECB?
Answer: Unanswerable

Question: Where is the secondary mission of the European Central Bank banned?
Answer: Unanswerable