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.”
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Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
