Factbox: ECB's inflation target debate


FRANKFURT (Reuters) - The European Central Bank's vaguely defined inflation target leaves it open to interpretation, which is likely to fuel a debate in the coming months as policymakers contemplate curbing stimulus.With both headline and underlying inflation slowing in April, the ECB could also come under pressure to exit stimulus even more slowly.

WHAT IS THE TARGET?The ECB "aims to maintain inflation rates below, but close to, 2 percent over the medium term."WHAT IS VAGUE ABOUT IT?"Medium term" is not defined and the ECB does not say how.

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