Austrian central bank chief Martin Kocher said that the European Central Bank should resist altering policy over minor inflation fluctuations. Speaking at a finance conference, he underscored that inflation drifting to 1.7% next year still aligns with the ECB’s 2% target, and warned against overreacting without external shocks. With the ECB holding its deposit rate at 2% since June, Kocher’s view supports the view that the bank should maintain steady policy unless major disruptions emerge.
Austrian central bank chief Martin Kocher said that the European Central Bank should resist altering policy over minor inflation fluctuations. Speaking at a finance conference, he underscored that inflation drifting to 1.7% next year still aligns with the ECB’s 2% target, and warned against overreacting without external shocks. With the ECB holding its deposit rate at 2% since June, Kocher’s view supports the view that the bank should maintain steady policy unless major disruptions emerge.
ECB’s Kocher cautions against adjusting rates for minor inflation changes, advocating policy stability.
Austrian central bank chief Martin Kocher said that the European Central Bank should resist altering policy over minor inflation fluctuations. Speaking at a finance conference, he underscored that inflation drifting to 1.7% next year still aligns with the ECB’s 2% target, and warned against overreacting without external shocks. With the ECB holding its deposit rate at 2% since June, Kocher’s view supports the view that the bank should maintain steady policy unless major disruptions emerge.
Austrian central bank chief Martin Kocher said that the European Central Bank should resist altering policy over minor inflation fluctuations. Speaking at a finance conference, he underscored that inflation drifting to 1.7% next year still aligns with the ECB’s 2% target, and warned against overreacting without external shocks. With the ECB holding its deposit rate at 2% since June, Kocher’s view supports the view that the bank should maintain steady policy unless major disruptions emerge.