Lagarde says price stability is at the center of the central bank’s work

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In a speech scheduled for Wednesday, the president of the European Central Bank, Christine Lagarde, has said that “price stability is the center of the central bank’s work”.

On the other hand, the chief economist of the ECB, Phillip Lane has said that “the sweet spot is low inflation with a margin above zero”, and added that “it is a very bad idea that inflation is negative“.

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Credits: Forex Street

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