ECB’s Weidmann: New policy will not try to make up for lost inflation

FX

We are not aiming for inflation either above or below the 2% target; that is important to me.

Temporary deviations from the target can occur but we don’t make policy contingent on targets not met in the past.

Correct for ECB to consider climate change risks.

Will not make policy contingent on past, strategy is forward-looking.

The ECB will not strive for higher or lower inflation rates.

more to come …

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