Economics

ECB Set to Rewrite Stimulus Pledge After Raising Inflation Goal

Strategic review means language on rates and QE must change
ECB has stressed need for persistence, maybe overshooting goal

ECB President Christine Lagarde speaks with Francine Lacqua on the sidelines of the Group of 20 meeting in Venice on July 11Source: Bloomberg

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By Jana Randow

July 21, 2021 at 4:00 AM UTC

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The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy.