Moving target: ECB must rethink inflation goals after Fed reveals flexible approach

by Uuriintuya Batsaikhan | Sep 10, 2020

The U.S. Federal Reserve has adopted a new inflation target objective. We expect a similar change from the European Central Bank (ECB) when it concludes its Strategic Review in mid-2021. But the ECB will need to do much more than revising its inflation target if it wants to ensure speedy recovery and growth.