TLTP
FRANKFURT
The European Central Bank (ECB) will discuss possible tweaks to its inflation target at a seminar next week, Finnish central bank governor Olli Rehn said, reinforcing expectations that the target could be finalised before a strategy review ends in mid-2021. “Over the course of the autumn, the pace of our strategic work has accelerated, ” Rehn told reporters. “Next week we will concentrate on the price stability target, which is monetary policy’s hard core,” Rehn said. The ECB, which now targets inflation at “below but close to 2%” is expected in the future to aim for 2%, with an explicit commitment to symmetry, suggesting that it will fight both overshooting and undershooting with the same vigour.
