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Austria’s Central Bank Governor Urges ECB Caution on Inflation Deviations

The Austrian central bank chief advises the European Central Bank not to overreact when inflation moves away from its target.

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Terms & Concepts
  • European Central Bank (ECB): The central bank responsible for managing monetary policy for the eurozone, including setting interest rates and controlling inflation.
  • Inflation Target: A policy goal set by a central bank to keep inflation within a specific range, typically around 2%, to ensure economic stability.