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- 2%Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An inflation rate of 2% ensures price stability and supports the ECB’s goals by preventing deflation risks and maintaining effective monetary policy. It allows for smoother economic adjustments, prevents excessive unemployment, and addresses potential biases in price measurement.www.ecb.europa.eu/stats/macroeconomic_and_se…The ECB’s Governing Council, after concluding its strategy review in July 2021, considers that price stability is best maintained by aiming for 2% inflation over the medium term. We consider the Harmonised Index of Consumer Prices (HICP) to be the appropriate measure for assessing the achievement of the price stability objective.www.ecb.europa.eu/mopo/strategy/pricestab/html/i…
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Jul 27, 2023 · FRANKFURT, Germany (AP) — The European Central Bank raised interest rates for the ninth straight time Thursday in its yearlong campaign to stamp out painfully high inflation and kept the door open to further hikes …