The European Central Bank is considering to review its inflation policy. To influence economic growth would then become a major part of ECB´s policy.
The ECB recently announced that it wants to review its inflation policy somewhere during the first half of next year, although this does not mean that it will lead to an immediate change in policy, nor that its policy to date is questioned.
The ECB´s inflation target is 2% annualy, the lowest of all major central banks. As actual inflation has been higher during the last few years, interest rates in Europe have not been sufficiently adjusted downwards compared to for instance the U.S., where fighting inflation is considered less important.
After four years, it is now considered opportune to evaluate the ECB´s policy.
(source: Wall Street Journal)
