Symmetrical inflation target

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Symmetrical inflation target" – news · newspapers · books · scholar · JSTOR (July 2021) (Learn how and when to remove this message)

A symmetrical inflation target is a requirement placed on a central bank to respond when inflation is too low as well as when inflation is too high.

For example, the Bank of England and the Bank of Canada have symmetrical inflation targets. Following the strategy review led by the new president Christine Lagarde and finalised in July 2021, also the European Central Bank adopted a symmetric inflation target of two per cent over the medium term and officially abandoned the asymmetric "below but close to two percent" definition.^[1]