Latest articles and blogs
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ECB revised its monetary policy strategy – what’s changed?
The ECB’s new monetary policy strategy is aimed at inflation of 2% over the medium term. The target is symmetrical. Both negative and positive deviations from this target are seen as equally undesirable.
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The financial crisis changed the instruments but not the objectives of monetary policy
Central banks have acted forcefully to provide monetary accommodation. With little room for manoeuvre for standard interest rate policy, unconventional measures have been adopted.