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- ECB's Governing Council member Coeure: No doubt ECB can ease policy further with current tools
ECB's Governing Council member Coeure: No doubt ECB can ease policy further with current tools
- ECB actions have been effective
- Central banks may have to navigate in a low growth, low inflation environment
- ECB should clarify that the medium-term inflation goal is 2%
- Lowering inflation target would be wrong
- ECB could communicate a tolerance band for inflation
- But tolerance band is not an invitation for inaction, complacency
- ECB could communicate the range of inflation outcomes that can be considered as acceptable in normal times
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