ECB overhaul raises hopes of softer price target

The ECB has often been criticised as slow to react with interest rate moves. But with the constraint of a narrow inflation target its hands have been tied, restricting its ability to provide the euro zone economies with the stimulus they need. But now we understand the ECB's rigid inflation target may be revised and the Bundesbank legacy of monetary targets could be demoted in importance, as with other central banks.

The European Central Bank appears to be edging slowly towards a more flexible