Financial experts are split on whether the European Central Bank’s new strategy will help deliver faster inflation, according to a survey conducted by Germany’s ZEW institute.
Nearly half of respondents said they raised their forecasts through 2023 by an average of 0.4 percentage point after the institution lifted its inflation goal to 2% and said it would accept a temporary overshoot to ensure price pressures become entrenched. Previously the ECB had aimed for a rate “below, but close to, 2%.”
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August 13, 2021 at 04:28PM
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New ECB Inflation Strategy Receives Mixed Grades From Markets - Bloomberg
"strategy" - Google News
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