Last Thursday, the European central bank revised its inflation target, making it symmetric and more flexible around the same level of 2%. In the medium term, the ECB embarks on the project of incorporating the cost of home ownership into the price index. And finally, the monetary authority adds the fight against climate change explicitly to its general policy objectives. The ECB framework change it illustrates the fact that monetary policy is more political and less technocratic than previously believed. Maybe it was always like that.