ECB looking at altering its inflation goal - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts point out that Bloomberg has reported that the ECB is seriously looking at altering its inflation goal, potentially changing it from "below, but close to 2%" to a symmetric 2.0% target.

Key Quotes

“Staff have reportedly already presented their findings to the Governing Council, which were generally in favor of the new approach. A move in this direction would apparently require a formal review, but would support the case for more stimulus.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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