ECB's president Lagarde: New 2% symmetric inflation target means that level is not a ceiling

Market news

8 July 2021

ECB's president Lagarde: New 2% symmetric inflation target means that level is not a ceiling

Symmetry means negative and positive deviation from the target are equally undesirable
New more "narrative-based" statement will replace introductory statement at ECB press conference
Link between monetary aggregates and inflation has weakened
Regular review cycle will begin with next review planned in 2025

Before the bell: S&P futures -1.29%, NASDAQ futures -1.35%

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