Larry Fink has just been in the media and has pointed out that he does not expect the inflation rate to come down to 2% any time soon.

TomK

I'd be surprised in anybody in the EU knows what is the ECB, let alone how it works and control their life

I speculated that this was going to be the next move a couple of weeks ago (turns out it had already happened). 

We've had several instances in recent years where the regime just changed definitions, rather than dealing with substantive problems and this seemed consistent with that approach.

I also think from a marketing standpoint most people aren't going to appreciate how monumental of a change 3% is compared to 2%. They both sound small, so who cares?

Undisciplined

econ

US inflation shocks ECB

I wrote  a piece on this some weeks ago but the european propaganda department ignored the issue as usual grosso modo...