The ECB has favored using ______ as a target for implementing monetary policy.

Name: The ECB has favored using ______ as a target for implementing monetary policy.
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The ECB has favored using inflation targets as a target for implementing monetary policy. Inflation targeting is a common approach used by central banks to set specific targets for inflation rates and adjust monetary policy accordingly, in order to achieve their objectives. The ECB has set an inflation target of "below, but close to, 2%."

The ECB Has Favored Using ______ as a Target for Implementing