The European Central Bank is considering changes in its monetary mandate and its instruments of operation to adapt to the new exigences of weaker economies in the Covid-19 crisis, persistently low inflation and climate change. Didier Borowski, head of global views at Amundi, discusses with David Marsh, OMFIF chairman, how the ECB under President Christine Lagarde is facing up to its challenges, whether it will be influenced by changes in Federal Reserve policies announced in August, and what will be the likely outcome of the review due to be concluded in autumn 2021.
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