ECB’s Praet warns against ‘hazardous’ policy experiments

peter-praet

Raising the European Central Bank's (ECB) inflation target for short-term gains would be "opportunistic" and harm the central bank's credibility, according to Peter Praet, a member of the ECB's executive board.

Speaking yesterday in Copenhagen, Praet did not entirely rule out such a move, although he said he was "very sceptical" of the proposal, which has received backing from academia, policy circles and markets. "A change to [the inflation target] range – and notably to its upper quantitative

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: