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Digital revolution has only small impact on inflation, says ECB's Weidmann

Updated : September 03, 2018 23:23:57 IST

Euro zone inflation has undershot the ECB's target of almost 2 percent for five years, even with years of stimulus, raising questions as to whether monetary policy remains effective.
A problem with low inflation is that it reduces what is considered a natural interest rate, so a central bank would have reduced room to cut borrowing costs in a downturn.
Digital revolution has only small impact on inflation, says ECB's Weidmann
Published : September 04, 2018 05:38 AM IST

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