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© Reuters. File photo: The headquarters of the European Central Bank (ECB) was taken on July 8, 2020 in Frankfurt, Germany.REUTERS/Ralph Orlovsky/File Photo
FRANKFURT (Reuters)-European Central Bank President Christina Lagarde said in an interview broadcast on Monday that the European Central Bank will change its guidance on next policy steps at its July 22 meeting to reflect its New strategy.
“There will be a forward guidance review (July 22) because we have to align with the strategic review we just completed,” Lagarde told Bloomberg Television.
“My feeling is that we will continue to maintain favorable financing conditions in the economy,” she added.
Announced last week, the European Central Bank’s new strategy allows it to tolerate inflation above 2% when interest rates are near their lowest point (for example, now).
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