RAYMOND PARSONS: A Fixed 3% Inflation Target Could Be Necessary — or a Bridge Too Far

RAYMOND PARSONS: A fixed 3% inflation target could be necessary — or a bridge too far

Central banks can hit their target for the wrong reasons, as well as miss the target for the right ones

ECB’s Schnabel says inflation is now close to target

European Central Bank (ECB) board member Isabel Schnabel said over the weekend that the central bank can take its time on interest rates, adding that inflation is now close to the ECB’s target.