ECB Vows to Put New Policy in the Next Meeting

The European Central Bank (ECB) is expected to lay out a new policy path during its upcoming meeting after a change in its inflation strategy.

The central bank is now able to tolerate inflation higher than the 2% target, keeping in mind that it does not plan to end the current stimulus and easing policies before a complete recovery from the global pandemic.

“Given the persistence that we need to demonstrate to deliver on our commitment, forward guidance will certainly be revisited,” ECB President Christine Lagarde reportedly told Bloomberg.

The next ECB meeting is scheduled to take place on July 22.