The Central Bank of Europe, which is in charge of monetary policy in 19 euro area countries such as Germany and France, has changed the price increase target of "nearly 2%" to "2%" and temporarily set the target. It has revealed a new policy of monetary policy that allows it to exceed.
We are poised to continue large-scale monetary easing until the economy recovers steadily.
On the 8th, the Central Bank of Europe announced a new strategy for monetary policy, which will be reviewed for the first time in 18 years.
Among these, the target price increase rate has been changed from the previous "lower than 2% but close to it" to "aiming at 2% in the medium term", and there are also situations where the target is temporarily exceeded. I will accept it.
In order to respond to social changes such as the aging population, which makes it difficult to expect high growth and prices to rise as before, we are ready to continue the current large-scale monetary easing until the economy recovers steadily. is.
"A price increase of 2% does not indicate an upper limit on the target," Lagarde said at a press conference, emphasizing the idea of flexible monetary policy.
The new strategy also includes a policy of placing greater emphasis on climate change countermeasures when purchasing assets.
The Bank of Europe will begin discussions on monetary policy based on this strategy at its board meeting on 22nd this month.