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:
“In nature, all is useful, all is beautiful. It is therefore beautiful, because it is alive, moving, reproductive; it is therefore useful, because it is symmetrical and fair. Beauty will not come at the call of a legislature, nor will it repeat in England or America its history in Greece. It will come, as always, unannounced, and spring up between the feet of brave and earnest men.”
—Ralph Waldo Emerson (1803–1882)
“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)