ECB to Move Stimulus Path for New Inflation Goal: Decision Guide By Bloomberg
(Bloomberg) -- European Central Bank officials will outline on Thursday how their new inflation goal affects their intentions for future monetary policy. Officials will have to adapt their language on interest rates, asset purchases and other tools for an updated strategy agreed earlier this month, which now aims for inflation of 2% and acknowledges that it may temporarily run higher. The discussion will pave the way for a critical debate in September on whether and how to withdraw emergency bond buying. The backdrop is a resurgent euro-area economy that faces steep price increases, but also considerable...
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