Editorial The European Central Bank changes from a guard to a breeder

With its new strategy, the European Central Bank will become a more transparent builder of economic growth in the euro area.

European the central bank (ECB) has decided, after much deliberation, to change its strategy. Under the new strategy, the bank will work more flexibly with its inflation target. The old strategy, drawn up in 1998 and specified in 2003, stated that the target was inflation close to, but below, 2%.

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