DAVOS, Switzerland (Reuters) - The European Central Bank should clarify its inflation target, currently defined as an annual rate of price growth below but close to 2%, so that it means the same to everyone, ECB rate-setter Klaas Knot said on Friday.
"It is not an easily communicable concept that we currently have a 'close' and a 'below'," Knot said during a panel discussion at the World Economic Forum.
"The outcome should be that we have an inflation objective that everyone on the Governing Council explains in identical terms."