Inflation targets back in the spotlight

Monetary policy can do little to offset impact of Covid-19

The European Central Bank’s new president, Christine Lagarde, unveiled the institution’s strategic review – its first since 2003 – in January this year. The ECB stressed it plans to do a lot of “listening” as part of its review process, which should be completed by the end of the year. A new co-ordinating office in Frankfurt, working with the eurozone’s 19 national central banks, will lead the ECB’s efforts, with the work being split into 11 thematic streams. 

Efforts will be made to formalise

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