Moving target? ECB looking at inflation goal

Moving target? ECB looking at inflation goal
Could ECB move inflation goal posts? Pic: Getty

The bank's staff are informally analysing its policy approach, including the question of whether the current target of consumer price growth 'below, but close to, 2 per cent' is still appropriate

European Central Bank staff have begun studying a potential revamp of their inflation goal, according to officials familiar with the matter, in a move that could embolden policy makers to pursue monetary stimulus for longer.

The staff are informally analysing the institution’s policy approach, including the question of whether the current target of consumer price growth “below, but close to, 2 per cent” is still appropriate for the post-crisis era.

President Mario Draghi favours a...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post