The European Central Bank should act "forcefully" to bring medium-term inflation expectations back to the 2% target through the introduction of a multibillion euro monthly asset-purchasing programme, a report released Tuesday by an influential think tank argues. In the report "Addressing Weak Inflation: The European Central Bank's Shopping List", Bruegel argues that the ECB's pricing target of "below but close to 2% inflation in the medium term" has been undermined and that inflation forecasts about the return to normal inflation rates have proved to be too optimistic. Presenting views in line with the Organization ... (full story)