ECB looking at altering its inflation goal - TDS

TD Securities analysts point out that Bloomberg has reported that the ECB is seriously looking at altering its inflation goal, potentially changing it from "below, but close to 2%" to a symmetric 2.0% target.

Key Quotes

“Staff have reportedly already presented their findings to the Governing Council, which were generally in favor of the new approach. A move in this direction would apparently require a formal review, but would support the case for more stimulus.”