The European Central Bank said on Thursday that it has adopted a symmetric 2 percent inflation target that will allow a temporary overshoot and decided to incorporate climate change considerations into its policy framework, following a monetary policy review that was launched last year.
"This target is symmetric, meaning negative and positive deviations of inflation from the target are equally undesirable," the bank said in its latest monetary policy strategy review statement.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.