The term «non-standard» monetary policy is used in contemporary financial literature to designate massive monetary interventions realized by western central banks to counteract the development of crisis in banking sphere and to stimulate business activity in real sector of the economy. This kind of policy deviates from the principles of monetary actions of central banks that have prevailed before the world financial crisis of 2007-2009 and became ineffective às an instrument of economic stabilization when market interest rates have fallen sharply. This article reviews the main methods and instruments of central banks' «non-standard» monetary policy and the results of their practical use to stabilize the euro area economy.