Home ECB’s Rehn: ECB strategic review will not seek to alter price stability goal

ECB’s Rehn: ECB strategic review will not seek to alter price stability goal

Updated: 24 Jan. 2020 | 10:47

The European Central Bank’s (ECB) strategic review will not seek to alter the price stability goal, the ECB Governing Council member Olli Rehn said on Friday.

More Comments:

ECB’s strategic review will be conducted throughout this year.

ECB’s existing definition for price stability is problematic for inflation expectations.

ECB’s 2003 definition for price stability can be interpreted to set inflation limit at a maximum 2%.

ECB’S price stability target is not symmetric and can be interpreted to be tighter than other central banks.

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