UBS On-Air: Paul Donovan Daily Audio 'How much vaguer can a target be?'




UBS On-Air show

Summary: The ECB meets. The last US Federal Reserve meeting changed a relatively clear inflation target into a relatively vague inflation target. The ECB inflation target is already extremely vague, limiting their options. The euro may attract some comment?ECB Chief Economist Lane has already commented?but compared to fair value, the euro is not abnormally strong.