ECB likely to shy away from AIT in new monetary policy framework

Symmetric 2% target is expected outcome; council members struggle to agree on forward guidance

Euro symbol, Willy Brandt Platz, Frankfurt

The European Central Bank is expected to shy away from adopting average inflation targeting (AIT) for its new monetary policy framework.

Later today (July 6), the 25 members of the ECB’s governing council will begin a key physical meeting in Frankfurt. This could be the final step in the institution’s strategy review, according to people with knowledge of the matter. The ECB may unveil the results of the exercise as soon as the end of this week.

Executive board members and governors are

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