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ECB Set to Rewrite Stimulus Pledge After Raising Inflation Goal

(Bloomberg) -- The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy. After raising their inflation goal to 2% earlier this month and pledging to be “forceful or persistent” to hit it, the challenge for policy makers is to make clear what such an approach means for interest rates and bond-buying. Disagreements immediately surfaced when drafts of potential
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MongiIG in Market News

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