Re:Denmark offers homeowners 20-year loans at a fixed intere...
by frafra on Wednesday January 06, 2021 @06:22AM
(#25656716)
It is not a circular argument to show that a statement is not correct: ECB never said there is no inflation in the first place. ~2% is not "no inflation"; 2% is the target that the ECB aims at.
In addition to that, I added an explanation why such a number seems lower that you could expect.
Please note that ECB does not define the HICP, the European Commission does it: https://ec.europa.eu/eurostat/web/hicp/faq
If it were up to me, housing should also be included in the definition of inflation. That would be a good way to lay bare the downsides with an aggressively expanding monetary policy.