2 ms·

The ECB is not that strongly against inflation. They have a goal of 2% inflation. They've also received criticism from the German Bundesbank for risking to much

• pjc50 11y ago
  That is strongly against inflation - targeting 2% is the generally accepted optimum value, as price levels aren't uniform across the economy and targeting 0% requires actively driving down wages resulting in lots of needless strife. (Also, think carefully about what a zero inflation target means in an economy coupled to the German economy: it would mean Greek wage and price levels below German price levels forever. In order for Europe to converge, local price levels have to change.)