More ECB Myth Making
Now, however, Evans-Pritchard claims that ECB does not inflate enough and claims that they pursue "deflation policies". Yet if you look at the latest M3 figures, you can see that they grew 5.9%, which is to say the ECB continues to exceed its 4.5% target. And the in my view more relevant M1 and M2 measures grew even faster (6.3% and 7%, respectively).
This is just another example of what I described in my recent post "The Myth of the hawkish ECB".