ECB’s Weber: Will not alter inflation target in the future

The ECB’s inflation target (just below 2.0%) will not be altered in the future, says Buba president Weber.

Remember, that target cuts both ways; The ECB wants inflation close to that level when it is low as well as when inflation is high. At the moment, inflation is sharply negative in the euro zone, thus prompting quantitative ease to try and raise it back close to 2% over then medium-term.