A symmetrical inflation target is a requirement placed on a central bank to respond when inflation is too low as well as when inflation is too high.
For example, the Bank of England and the Bank of Canada have symmetrical inflation targets. In contrast, the European Central Bank has a non-symmetrical inflation target—it is compelled to take action only when inflation is too high.
Famous quotes containing the words symmetrical and/or target:
“This monument, so imposing and tasteful, fittingly typifies the grand and symmetrical character of him in whose honor it has been builded. His was “the arduous greatness of things done.” No friendly hands constructed and placed for his ambition a ladder upon which he might climb. His own brave hands framed and nailed the cleats upon which he climbed to the heights of public usefulness and fame.”
—Benjamin Harrison (1833–1901)
“But this we know, the obstacle that checked
And tripped the body, shot the spirit on
Further than target ever showed or shone.”
—Robert Frost (1874–1963)