Moving target? ECB looking at inflation goal
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.
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