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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
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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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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.