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Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses
(16.08.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications. Both the Fed and the ECB have, in their recent strategy reviews, laid out that ...
Editorial : Monetary policy supporting sustainable economic recovery and a brighter outlook for inflation
(16.09.2021)
Bank of Finland. Bulletin 4/2021
Bank of Finland. Bulletin 4/2021
Growth in the euro area economy is expected to be brisk this year and in 2022 as economies are opened up, strong support is provided by economic policies and the global economy recovers. The rebound from an exceptionally ...
ECB revised its monetary policy strategy – what’s changed?
(12.10.2021)
Bank of Finland. Bulletin 4/2021
Bank of Finland. Bulletin 4/2021
The ECB’s revised monetary policy strategy has now been adopted. The new 2% inflation target is clear and unambiguous. The target is symmetric, meaning both negative and positive deviations of inflation from the target are ...