The European Central Bank’s decision to raise its goal for inflation and even let it overshoot the target for a while gives it more leeway to support an economy which for years has turned in a lackluster performance by international standards. Nine years after former ECB President Mario Draghi memorably said the central bank would do “whatever it takes” to preserve the euro, his successor Christine Lagarde’s revamp of ECB strategy following an 18-month review is intended to inject more clarity i
— Read on www.bloomberg.com/news/articles/2021-07-09/how-the-ecb-s-new-inflation-goal-will-shape-economy-quicktake
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