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ECB Unveils Policy Regime Change That Lets Inflation Overshoot

  • Decision is part of biggest revamp of strategy since 2003
  • ECB also unveils plans to address climate change in policy
The European Central Bank's Headquarters Illuminated During Luminale Light Festival

loombergPhotographer: Martin Leissl/

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The European Central Bank raised its goal for inflation and may let it overshoot the target for a while, giving officials more discretion in how to bolster the economy after years of lackluster performance.