Economics
ECB’s Strategic Review Will Take a Deep Dive Into Fiscal Policy
- Review is restarting after pandemic forced suspension in April
- President Lagarde expects conclusions in second half of 2021
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The European Central Bank is restarting its strategic review that will now include a closer look at the impact of fiscal policy in the euro area.
“Fiscal and monetary policy in a monetary union” was added to the work streams that outline the scope of the review -- joining topics such as inflation, digitalization and climate change. It comes just days after European Union leaders agreed on a landmark 750 billion euro ($869 billion) stimulus package that includes a plan to offer joint debt.