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Under the European Central Bank's monetary policy framework, how is 'price stability' defined since the 2021 strategy review?

An inflation rate strictly at 0% over the short term A symmetric inflation target of 2% over the medium term An inflation rate below but close to 2% over the short term An inflation rate between 1% and 3% on an annualized basis

Correct Answer:

A symmetric inflation target of 2% over the medium term

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