The European Central Bank (ECB) reaffirmed its monetary policy strategy, updating it marginally, in a statement based on an assessment of this strategy published on Monday 30 June.
In particular, the ECB’s Governing Council is of the opinion that “price stability is best maintained by aiming for two per cent inflation over the medium term, [and its] commitment to this objective is symmetric”. Therefore, “negative and positive deviations from this target [are] equally...