OctaFX | OctaFX Forex Broker
Open trading account
Back

ECB’s Weidmann signals openness to tweaking inflation goal – Bloomberg

Bloomberg reports key comments delivered by the European Central Bank (ECB) Governing Council member and Bundesbank President Jens Weidmann late Monday.

In his scheduled speech, Weidmann said that the ECB needs an understandable, forward-looking and realistic inflation goal but not necessarily a higher one.

Additional Points:

Signals an openness to change following years of failing to hit the target of inflation “below, but close to, 2%.”

The gain in the capacity to act could be smaller than hoped.

A strong increase in the goal could raise risks that inflation expectations become deanchored.

Higher inflation comes with costs for people.

A realistic and forward-looking definition of our goal allows monetary policy to wait if there are good reasons, in order not to react hectically to every change in incoming data.

It allows the incorporation of the longer-term risks to price stability.

Withdrawal done, now moving to the real Brexit talks – Danske Bank

Analysts at Danske Bank expect a 25bp rate cut by the Bank of Englan in May and more GBP weakness amid elevated Brexit uncertainty. Key Quotes: “UK fo
Read more Previous

France Budget increased to €-92.8B in December from previous €-113.9B

France Budget increased to €-92.8B in December from previous €-113.9B
Read more Next
Start livechat