Wolff B., Guntram, (2015), “Inflation expectations and global risks: the need for ECB action”, Bruegel, 21 Οκτωβρίου
The ECB will have its next monetary decision meeting on Thursday. Instead of following politically motivated statements that complain about low nominal rates, the ECB needs to focus on its mandate: price stability, defined as inflation rates close to but below 2% in the medium-run. So what do data on inflation dynamics and on the risks for euro area inflation tell us?
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