In March of this year the interbank deposit market management company (e-MID) also came under the control of an English group. LSEG and Deutsche Börse had already planned a merger in 2016.
This would have the practical consequence of purposely deviating from the inflation target temporarily in order to avoid more costly deflationary busts down the road. Others argue that globalization creates similar imperatives. For instance, throughout this decade, there has been a secular disinflation (relative to target) in goods prices, reflecting the efficiencies from creating global supply chains and outsourcing some production to emerging markets.