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ECB should consider 'clearer' inflation target: Schnabel
The European Central Bank should think about formulating its inflation target more clearly, Isabel Schnabel, the bank’s newest board member told a German newspaper in remarks published on Tuesday. “The (inflation) target worked very well in the past but structural changes in the economy justify a careful discussion,” Schnabel told Germany’s Sueddeutsche Zeitung daily when asked what she made of the ECB’s target of ‘below but close to 2%’. “We should also think whether we want to formulate this target in a clearer manner. It is foremost about how we can best reach the prime target, which is price ... (full story)