ECB's Schnabel: We now look for clearer signs of inflation moving towards 2%

Author: Adam Button | Category: Central Banks

Comments from the governing council member

ECB's Schnabel
  • We want to see clearer signs that inflation is reliably moving towards our 2% target
  • This will imply a more patient reaction function
They haven't hiked the main refi rate since the blip of a policy error in 2011; I'd say that implies plenty of patience already.
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