What does the ECB’s new Inflation target mean in practice?
7 min readJul 20, 2021
The ECB now aims for inflation at 2%, rather than its previously elusive target of “close to, but below, 2%.”
A few reasons why you might care?
· You may be on a fixed or variable interest rate mortgage. Changes in the level of interest rates will affect your net worth and your ability to borrow respectively.