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Eurozone July 22, 2021 / 03:11 pm UTC

ECB Focuses on Being Persistent

By Andrew Wroblewski, Anoop Bindra Martínez
While not quite ‘much ado about nothing’, the ECB’s updated forward guidance from its July Council meeting underscored two, partly rhetorical, shifts in its guidance regarding its key rates. Both were largely as expected and both formalized existing policy biases.