ECB reviewing QE but 2% target ‘not up for debate’ – de Guindos

Completing banking union should be the “number one priority” for EU economic policy, says official

Luis de Guindos
Luis de Guindos
Adrian Petty/ECB

The European Central Bank’s (ECB) upcoming strategy review will retain the bank’s interpretation of price stability as “2% inflation over the medium term”, Luis de Guindos told Italian news agency ANSA on October 29.

Instead, the bank is reviewing how its previous strategy fits into a new political-economic context, the ECB vice-president said, including “new elements, such as the changed economic and inflation environment, the possibility of deglobalisation and other structural elements that

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