Comment: The ECB's 'structural flaw'

In a lecture at the London School of Economics this week, Charles Goodhart suggested that the criticism directed towards the ECB by politicians, is the result of a "structural flaw" in the way the central bank's inflation objective was defined.

COMMENT BY CENTRALBANKNEWS

The ECB is unique amongst central banks with quantified inflation objectives. It defined for itself what "price stability" would come to mean - the definition of "a year-on-year increase in the Harmonised Index of Consumer Prices

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