ECB’s Centeno Warns Against Prolonged Inflation Below 2% Target
ECB Governing Council member Mario Centeno emphasized the bank’s commitment to maintaining inflation near its 2% target and signaled no tolerance for extended undershooting.
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Terms & Concepts
Inflation Target: A central bank's projected or desired inflation rate, used as a guide for monetary policy to promote price stability.
European Central Bank (ECB): The central bank for the eurozone, responsible for monetary policy and maintaining price stability across member countries.