2 percent or not 2 percent, that is the question
b'Friday 9th July 2021Is it below 2 percent or at 2 percent? The ECB has made subtle changes to its inflation target, but has flatly rejected the Fed approach of average inflation targeting. NAB\\u2019s David de Garis explains what\\u2019s changed in the ECB\\u2019s approach. Plus words from Philip Lowe yesterday about the RBA\\u2019s reluctance to shift policy until unemployment is (much) lower. Plus, oil up as US supplies fall, and the reflation trade takes a breather as COVID concerns rise. Listen in for the detail.
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