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Communication is important. And more so when communicating about Inflation! Trying to decipher CentralBank-speak is never easy. Philip R. Lane, Member of the Executive Board of the ECB, in this article discusses medium-term inflation goals.

He suggests using these as guidelines for households, firms and market participants in forming INFLATION expectations. This requires a consistent communication strategy, especially when INFLATION has been very low versus the target rate.

Source – https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190701~0c1fa3c8fc.en.html