ECB reportedly to largely endorse past policy measures in strategy review ...Middle East

The sources said that the ECB is likely to keep a reference to the need for "especially forceful or persistent action" in justifying their past decisions to push for QE and other stimulus measures.

As for the review as a whole, the report notes that some policymakers are feeling a bit displeased with the preliminary conclusions though. They were hoping for it to be more critical on past policy decisions but it doesn't feel like it when viewing the sentiment above.

Well, much like the whole "inflation is transitory" episode in the past years, they're just not wanting to admit to any possible missteps they have made. Egoistic.

This article was written by Justin Low at www.forexlive.com.

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