De Guindos says ECB ‘implicitly has symmetrical targeting policy’

Luis de Guindos
Luis de Guindos
World Economic Forum/Boris Baldinger

The European Central Bank effectively already implements a symmetrical inflation target, its vice-president Luis de Guindos said today (November 14).

De Guindos also backed calls for a major eurozone-wide fiscal capacity, led by a common finance minister for the bloc, at an event in London organised by BNP Paribas. He also warned that low bank profitability is the main financial stability risk in the eurozone.

He said the ECB’s forthcoming review of its policy framework under new president

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