Clicky

economic uncertainty

inflation targeting economic uncertainty

European Central Bank: Inflation Tolerance and the Last Mile

The European Central Bank (ECB) targets an inflation rate of 2 percent for economic stability, but increasing uncertainty has sparked a debate on adopting an “inflation tolerance” strategy with a range of acceptable rates. ECB’s executive board member, Isabel Schnabel, likened finetuning monetary policy to completing the “last mile” in sports, emphasizing the challenge in achieving the optimal economic balance.

Scroll to Top