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The ECB's Strategy Review Isn't Set to Rock the Boat

Michael Monderer
Senior Analyst for Global Economics, Stratfor
Feb 3, 2020 | 10:30 GMT
The historic facade of Frankfurt's Grossmarkthalle, now part of the building of the European Central Bank (ECB), is illuminated on March 16, 2018.

The historic facade of Frankfurt's Grossmarkthalle, now part of the building of the European Central Bank (ECB), is illuminated on March 16, 2018. As the ECB reviews its strategy, caution will be the watchword.

(FABIAN SOMMER/picture alliance via Getty Images)

It's unclear what the European Central Bank wants to accomplish in the nearly yearlong strategy review it announced on Jan. 23, but the last thing a central bank wants is to be considered irrelevant. So, even though years of monetary stimulus have failed to push up eurozone inflation or growth,...

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