ECB's Knot, Rehn speak in favour of simple 2% inflation target
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DAVOS, Switzerland/HELSINKI (Reuters) - The European Central Bank should adopt a simple inflation target of 2% and scrap its current "below, but close to, 2%" formulation which can confuse consumers and policymakers alike, two ECB rate-setters said on Friday.The ECB has lagged its goal for price growth for years despite an aggressive stimulus policy of sub-zero rates and massive bond purchases.It has now embarked on a year-long review that will see it redefine that aim, how to achieve it and..