The expansion of the ECB’s balance sheet and the targeted depreciation of the euro should help to bring the eurozone’s short-term inflation rate close to 2% and thus reduce deflationary risks. For the first time in its history, the ECB appears to be pursuing an exchange-rate target.
欧洲央行资产负债表的扩张以及欧元的定向贬值应该有助于让欧元区短期通胀率接近2%，从而降低通缩风险。欧洲央行有史以来第一次开始追求汇率目标。和日本银行一样，货币的外部价值将成为新战略方针框架中的一个重要工具。