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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: ECB Focus Is To Deliver 2% Price Target-Lagarde
The European Central Bank's commitment will be to deliver on a target for 2% inflation, and it will not look to match the Fed in setting average inflation gains, ECB President Christine Lagarde said on Thursday.
Speaking to reporters following the release of the ECB's policy strategy review, Lagarde said several times that policymakers' target will be purely to meet the 2% target over the medium term and not to reach higher or lower levels -- although inflation could run higher or lower for a brief period.
Lagarde would not comment on how the switch to a new symmetric 2% target would impact on current monetary policy, but said the change was only very marginal from the ECB's previous target of ' close to but below 2%'.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.