ECB reinforces commitment to monetary stimulus

ECB president July 2021

The European Central Bank has reinforced its commitment to provide monetary stimulus until it “durably” reaches its new 2% symmetric inflation target.

As was widely expected, in the first policy meeting since unveiling the new target two weeks ago, the ECB adapted the wording of its monetary policy statement today (July 22). This mainly aims to reassure investors and observers that it will not prematurely tighten its policies. Though it modified its forward guidance, the governing council shied

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