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WebThe ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. In the euro area, the Harmonised Index of Consumer Prices (HICP) is used to measure consumer price inflation. That means the change over time in the prices of consumer goods and services purchased by euro area households. Web1. A Monetary Conditions Index in practice Several central banks calculate a Monetary Conditions Index for use in monetary policy. Empirically, an MCI is a weighted average … eco taxis northampton
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