Commitment to accommodative monetary policy benefits economic outlook
Finna-recension
Commitment to accommodative monetary policy benefits economic outlook
www.bofbulletin.fi
(Finlands Bank)
bulletin_115_ed.pdf
(Finlands Bank)
Euro area inflation, core inflation and both short and long-term inflation expectations declined strongly during the second half of 2014. As a result of the prolonged period of exceptionally weak price developments, the ECB’s price stability objective began to lose its role as a solid anchor to price formation in the euro area.
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