New strategy: The governing council vows to be persistent in providing stimulus until inflation is forecast to be in line with its target of 2%. — Reuters
BRUSSELS: The European Central Bank’s (ECB) new guidance on how long it’ll keep interest rates at record lows is too far-reaching because it doesn’t sufficiently account for trade-offs that officials may have to consider, according to Belgian policy maker Pierre Wunsch.
“My concern is that we can’t credibly commit, which is the reason for my dissent,” Wunsch said in an interview.
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