ECB’s Weidmann: New policy will not try to make up for lost inflation
|The European Central Bank (ECB) Governing Council member and German central bank chief Jens Weidmann said on Friday, “We are not aiming for inflation either above or below 2% target; that is important to me.”
Additional comments
‘Temporary deviations from the target can occur but we don't make policy contingent on targets not met in the past.”
“Correct for ECB to consider climate change risks.”
“Will not make policy contingent on past, strategy is forward-looking.”
“The ECB will not strive for higher or lower inflation rates.”
Market reaction
EUR/USD is currently trading at 1.1835, little changed on the day.
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