ECB to Ensure Inflation Doesn’t Get Stuck Below 2%, Kazaks Says

The European Central Bank will make sure a projected undershoot of the inflation target next year doesn’t become more pronounced, Governing Council member Martins Kazaks said.

“We’re focusing on the medium term to deliver 2% and there’s going to be some volatility around it,” the Latvian central-bank chief said in an interview. “But if there is a risk that inflation is consistently and significantly below 2%, and for a longer period of time, then of course we will need to move.”