ECB Staff Study Potential Revamp of Inflation Goal - Bloomberg

(Updated - July 18, 2019 6:44 AM EDT)

European Central Bank staff are studying a potential revamp of their inflation goal, according to Bloomberg, citing officials familiar with the matter.

Staff are informally analyzing the institution's policy approach, including the question of whether the current target of consumer price growth "below, but close to, 2%" is still appropriate, the report said.

President Mario Draghi favors a symmetrical approach.

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