The European Central Bank (ECB) Governing Council Member Olli Rehn made some comments on the new inflation target by the central bank during his appearance on Friday.
Rehn said that the “new inflation goal is unambiguous.”
“Medium-term core inflation forecast of 1.4% below new aim,” he added.
The ECB adopted a symmetric 2% inflation target over the medium-term at the conclusion of its latest strategy review meeting on Thursday.
EUR/USD reaction
EUR/USD is trading listless below 1.1850, weighed down by a rebound in the US dollar and yields. The pair was last seen trading at 1.1835, down 0.05% so far.