ECB's Visco says would be reasonable to see HICP above two percent for a while

ECB's Visco says would be reasonable to see HICP above two percent for a while
 

It would be reasonable for euro zone inflation to exceed the European Central Bank's target of 2 percent for a while, to offset the long period in which it has been far below it, ECB Governing Council Member Ignazio Visco said on Friday.
Asked by daily Il Foglio if the ECB should aim to overshoot its inflation target, Visco replied that it was "almost simple arithmetic" that as inflation had been below 2 percent for so long "it's comprehensible that we should exceed that objective for a certain period of time."
He added that "the problem to concentrate on now is... read more

 
30 September 2016 in Business, Views: 39
Source: Reuters
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