24 Oct 2017
A Glimpse at the Effects of the ECB’s Expansionary Monetary Policy on Inflation
With only a few days to go before the next ECB meeting, it is instructive to assess the impact of expansionary monetary policy on inflation in the euro area. So far, reaching the ECB’s formal CPI target has been the most challenging part of their job. Only five EMU countries (Slovakia, Germany, Spain, Belgium and Austria), representing around 54% of total euro area GDP, have attained inflation close or just below 2% (source: Macrobond).
Source: Pixabay
