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PHOTO FILE: Ewald Nowotny, member of the Governing Council of the European Central Bank (ECB) and governor of the OeNB, addresses a press conference in Vienna (Austria) on 28 March 2019. REUTERS / Leonhard Foeger
BERLIN (Reuters) – The European Central Bank could set a more flexible inflation target given the difficulty of raising prices, ECB chief Ewald Nowotny said in a statement issued on Wednesday. Sunday.
"I personally think it would be reasonable to have greater flexibility, like the Israeli or Czech central banks," Nowotny told the German business paper Handelsblatt. "I am in favor of maintaining the 2% target, but with a 0.5 or 1% corridor, up or down. A precision landing is hardly possible. "
The ECB has an inflation target close to 2% but lower than this one.
Reportage of Joseph Nasr; Edited by Andrew Heavens
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