ECB's New Strategy to Tackle Low Inflation and Economic Challenges
The ECB has been working to maintain stable prices, but the definition of price stability has evolved over time. With low inflation and interest rates near zero, the ECB is exploring new ways to keep inflation expectations in check. They are considering different approaches to setting inflation targets and how to influence private-sector expectations. The goal is to ensure that the ECB's policies can adapt to changing economic conditions and help stabilize the economy.