The European Central Bank could set itself a more flexible inflation target give...
FILE PHOTO: European Central Bank Governing Council member and OeNB Governor Ewald Nowotny addresses a news conference in Vienna, Austria March 28, 2019. REUTERS/Leonhard Foeger
BERLIN - The European Central Bank could set itself a more flexible inflation target given how difficult it has been to boost prices, ECB policymaker Ewald Nowotny said in remarks published on Sunday. “I personally believe that it would be reasonable to have some more flexibility like the Israeli or Czech central banks have done,” Nowotny told Germany’s Handelsblatt business newspaper. “I am in favor of keeping the 2 percent target but with a corridor of 0.5 or 1 percent, up or down. A precision landing is hardly possible.”Reporting by Joseph Nasr; Editing by Andrew Heavens
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB will act if inflation expectations are de-anchored: de GuindosLonger-term inflation expectations in the euro zone need to come unstuck for the...
Read more »
The ECB presidency is distinct but not immune from backroom dealsWho will replace Mario Draghi at the ECB? His successor will not be decided solely on expertise
Read more »
ECB will act if inflation expectations are de-anchored: de GuindosLonger-term inflation expectations in the euro zone need to come unstuck for the...
Read more »
David Ortiz shooting suspect says baseball legend was not his intended target, video showsRolfi Ferreira Cruz, the accused gunman in the attempted murder of David Ortiz, says the former Boston Red Sox slugger was not his intended victim, according to video released by the media in the Dominican Republic.
Read more »
The ECB presidency is distinct but not immune from backroom dealsWho will replace Mario Draghi at the ECB? His successor will not be decided solely on expertise
Read more »
Russia's Oreshkin says central bank's new 2019 inflation forecast too highRussian Economy Minister Maxim Oreshkin was cited by news agencies as saying on ...
Read more »