Lagarde makes case for aligning ECB's inflation strategy with US Fed


European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the USFederal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.

Inflation in the euro zone has missed the ECB's target of "below but close to 2%" for more than seven years, despite increasingly aggressive stimulus from the central bank, which has pushed its main interest rate below zero and bought more than 3 trillion euros ($3.51 trillion).....

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