ECB's credibility at stake if inflation target missed

April 7, 2016 1:15 PM

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FRANKFURT, April 7 The European Central Bank needs to be wary of jeopardising its credibility if it fails to achieve its inflation objective for a long time, ECB Governing Council member Ignazio Visco said.

"The credibility, if you miss your target for a long time, or the fact that you try to (attach) too much precision to the objective that you won't really attain need to be given consideration," Visco said at an event in Frankfurt.

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