Economics

ECB Strikes Classic Compromise to Set Terms of Inflation Debate

  • Review granted concessions to hawks, doves and citizens
  • ‘There’s something for everyone,’ says UniCredit’s Valli
ECB's Lagarde Says 2% Inflation Target Is 'Not a Ceiling'
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The European Central Bank’s biggest strategic rethink since the creation of the euro sets the terms of engagement for a half decade of post-pandemic monetary debates -- even if it stops short of signaling much about future policy.