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ECB Told Home Prices, Fiscal Spending Key as Strategy Reviewed

  • ECB’s annual forum to debate inflation, globalization, climate
  • President Lagarde joined by Fed’s Powell and BOE’s Bailey
Christine Lagarde

Christine Lagarde

Source: European Central Bank

The European Central Bank should target higher average inflation -- unless house prices are soaring -- and governments must spend their way out of recession, according to economists attending the institution’s annual forum.

ECB President Christine Lagarde will open this year’s event on Wednesday, with Federal Reserve Governor Jerome Powell and Bank of England Governor Andrew Bailey joining her over two days. Normally held at a luxury hillside resort in Sintra, Portugal, this time it’s online because of the pandemic.