Oct 14 (Reuters) - In its future strategy European Central Bank needs a symmetric inflation target that is equally effective in reacting to deviations in both directions, governing council member Olli Rehn said in a speech on Wednesday.
“In the current environment of chronically low inflation, it is more important to ensure that inflation expectations are not anchored at too low levels. Today, that is regretfully the case,” Rehn said. (Reporting by Tarmo Virki in Tallinn; Editing by Alex Richardson)
Our Standards: The Thomson Reuters Trust Principles.