ECB's Knot wants more wiggle-room around inflation target
Share:
NEW YORK (Reuters) - The European Central Bank should define a range around its inflation target to give itself some wiggle-room when setting monetary policy, ECB policymaker Klaas Knot said.The ECB has missed its goal for price growth of just under 2% for most of the past eight years despite increasingly aggressive stimulus measures, including sub-zero interest rates and buying 2.6 trillion euros worth of assets.Knot, one of the fiercest critics of those stimulus measures, said the ECB should..