ICYMI – The ECB set its inflation target at 2% after their strategy review

Justin had the (as expected) details in his post during Europe time: 

  • ECB sets inflation target at 2% after strategy review
  • New strategy adopts symmetric 2% inflation target over medium-term – This may also imply a transitory period in which inflation is moderately above target 
  • a move away from their previous inflation targeting of “below but close to 2%”

And, later, during the US session more from the Bank:

Its a bit of a dog’s breakfast at the ECB at present … well, maybe not just at present. 
Justin had the (as expected) details in his post during Europe time: 

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