The theme of this final paper was the effects of monetary policy targeting inflation in the European area. In the introductory part of this final paper, the subject, the problem and the objects of the research, as well as the working hypothesis and the auxiliary hypotheses, the purpose and purpose of the research, the scientific method and the structure of the work. Then he started with the theoretical part of the final work, which explains the very concept of monetary policy strategy and its significance. There were also types of monetary policy strategies. The emphasis was on the monetary inflation targeting strategy, most commonly applied by central banks. The benefits and disadvantages of the inflation targeting strategy in defining effective monetary policy were defined. Further, inflation targeting as a eurozone monetary policy strategy was discussed. In 2003, the original targeting of monetary aggregates replaces the inflation targeting which becomes the main ESB strategy. Flexible and direct inflation targeting has been compared and positive and negative sides of flexible inflation targeting have been highlighted. In the research part of the final paper, the inflation targeting and its impact on financial stability as well as criticisms directed at flexible inflation targeting from the point of view of financial stability have been mentioned. It analyzed the targeting strategy for nominal GDP as a better option than the flexible inflation targeting, as well as its advantages and disadvantages.