Monetary Policy within a COVID-19 Environment: The Role of Central Banks and the Main Challenges for the Euro-zone

The last financial crisis in 2008 has weakened the Euro-zone countries. Most of them were deeply affected, and their economic growths have not returned to pre-crisis rates. Moreover, inflation rate is still very low despite European Central Bank’s interventions. Twelve years later, a health occurred. ECB reacted this event by using monetary tools. We can cite for example famous temporary Pandemic Emergency Purchase Programme (PEPP) save countries from systemic disaster. current interest negative, it seems raise some questions about efficiency policies threat economic, monetary, stability. Negative may also generate next crisis. This paper dedicated recommendations based on role Banks management and, more generally, environmental instead evaluating impacts Eurozone because too early measure with acuity COVID-19 effects.