Home market #ECB’s formal shift to a symmetric 2% inflation target does not convince mkts. Inflation expectatio

#ECB’s formal shift to a symmetric 2% inflation target does not convince mkts. Inflation expectatio

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#ECB’s formal shift to a symmetric 2% inflation target does not convince mkts. Inflation expectatio

#ECB’s formal shift to a symmetric 2% inflation target does not convince mkts. Inflation expectations measured by 5y5y swaps have virtually not reacted at all to the softer target. h/t Holger Zschaepitz

#ECB's formal shift to a symmetric 2% inflation target does not convince mkts. Inflation expectatio

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