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ECB Finds Itself Stuck in Fed’s Policy Orbit: Eco Week Ahead

  • Central banks in Canada, Serbia, Peru also take rate decisions
  • Weekly take on events in the world economy and their fallout

European Central Bank policy makers discussing this week how to set monetary policy for their disease-stricken economy will do so very much in the shadow of their U.S. counterparts.

Officials led by President Christine Lagarde are being forced to confront not only the euro’s strengthening to a two-year high, but also whether a driving force behind that move -- a shift in strategy by the Federal Reserve to periodically tolerate faster inflation -- is one they need to follow too.