Since its founding, the monetary policy strategy of the European Central Bank (ECB) has centered around the primary goal of price stability. This has not prevented the Eurozone from growing at a rate equal to or higher than that of other economies comparable to it in terms of size and level of development. However, the financial crisis has rendered inefficient and unpredictable the transmission mechanism through which monetary policy influences the private credit market and the economy in general. An efficient transmission mechanism is an absolutely necessary condition for a central bank to be able to follow its goals. In order to combat the crisis and preserve the efficacy of monetary policy, as well as the stability of prices and the macro-economy of the Eurozone, the ECB has had to implement monetary instruments that are alternatives to standard ones. In so doing the ECB has prevented the recent recession from turning into a depression and deflationary situation of uncontrollable proportions. During this webinar, the current monetary policy strategy of the ECB and the steps for the near future will be presented.