- ECB's Governing Council member Villeroy: Don't assume ECB will simply follow Fed's strategy
Market news
25 September 2020
ECB's Governing Council member Villeroy: Don't assume ECB will simply follow Fed's strategy
- There is no doubt about our determination to act as much as needed
- ECB has "free hands" for future action
- We have ample room to manoeuvre
- Inflation is not yet where we want it
- ECB might let inflation rise above 2% for some time
- Inflation target should be perceived as flexible, symmetric and medium-term
- Symmetric means that our numerical objective is target, not ceiling
- Medium-term inflation target cannot ignore the past
- We should examine whether current formulation of inflation target casts doubt on ECB’s commitment to symmetry
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