ECB, Inflation,

“Monetary policy must take into account both the short and medium-term forces that shape inflationary dynamics. In line with its new monetary policy strategy, it should be clear that the ECB will set its monetary policy in order to achieve the symmetrical target of 2% in the medium term, tolerating neither excessive nor insufficient reactions to emerging inflation risks “.

This was stated by the chief economist of the ECB, Philip Lane, in his speech to the Mini Market News Webcast. “In particular, if medium-term inflationary dynamics are expected to stabilize around the 2% target – he explained – this will allow for a gradual normalization of monetary policy. above the 2% target in the medium term, a tightening of monetary policy will be necessary.

Finally, if inflation is expected to fall significantly below the 2% target in the medium term, an accommodative monetary policy will be required “.

February 17, 2022

Source Il Sole 24 Ore Radiocor