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.

You May Also Be Interested In

• UBS turns more bullish on U.S. dollar, sees euro and yen weakening further
• Bitwise declares monthly distributions for six crypto option ETFs
• Morpheus shorts Velo3D: 'parlayed a failed SPAC and a sham SpaceX relationship into a fortune'