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ECB’S LANE: UNDERLYING INFLATION IS NOT PROXIED BY ANY SINGLE INDICATOR

The European Central Bank (ECB) Chief Economist Philip Lane said on Thursday, “our revised forward guidance is a fundamental step in fulfilling our commitment to 2% inflation.”

ADDITIONAL QUOTES

“Underlying inflation is not proxied by any single indicator.”

“Symmetrical inflation target means negative or positive deviations of inflation from 2% target are equally undesirable.”

“Systematic approach to policy embedded in forward guidance has the capacity to boost inflation expectations, strengthen inflation dynamics.”

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