ECB officials lay out positions on future inflation target

Pablo Hernández de Cos
Pablo Hernández de Cos: “Inflation scrambles the signals emitted by prices and therefore distorts decisions” 
Photo: Banco de España

European Central Bank (ECB) officials have started highlighting their policy priorities regarding changes in the inflation target discussed as part of the institution’s strategy review.

The governor of the Bank of Spain, Pablo Hernández de Cos, said today (February 5) that he thinks the inflation target should be fixed at 2%. The central bank’s current objective is annual inflation of below but close to 2%.

In an interview with the Financial Times, de Cos argued his proposal would “provide

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: