ECB’s Stournaras: New strategy leaves central bank more prepared for crises
|The European Central Bank’s (ECB) new strategy on inflation targeting allows more flexibility and preparedness for a future crisis, the central bank’s policymaker Yannis Stournaras said in an opinion column in Greece’s Kathimerini newspaper.
Additional comments
“I express the belief that we are better prepared to face any future economic turmoil.”
“Compared to the current wording, this approach makes it clear that 2% is not the maximum level that is considered acceptable for inflation, but our symmetrical target.”
“We emphasize that both the continuous rise and the prolonged fall of prices must be limited as much as possible.”
“This way, inflation may reach levels just above the 2% target for a limited period of time.”
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.