The Central Bank of Europe has set a new guideline to allow the inflation rate, which is the target of monetary policy, to temporarily exceed 2%, and will continue the current large-scale monetary easing until the economy recovers steadily. Was emphasized.
The Central Bank of Europe met on the 22nd to discuss monetary policy guidelines for 19 eurozone countries, including Germany and France, in line with the new strategy announced on the 8th of this month.
As a result, the policy target inflation rate will be changed from "nearly 2%" to "2%", and even if the inflation rate temporarily exceeds 2%, this will be tolerated. I made it clear.
After that, we decided to keep all the current negative interest rate policy and large-scale quantitative easing such as the purchase of government bonds as they are.
In Europe, prices have been rising in line with the resumption of the economy, while the re-spread of infection has begun to cast a shadow again.
"The economy in the euro area is recovering strongly, but it depends on the status of infection and the progress of vaccination," Lagarde, the governor of the European Central Bank, said at a meeting after the board of directors. Clarified its willingness to continue its current large-scale monetary easing until it recovers steadily and reaches its 2% price target.