Connect with us


ECB policymakers to hold 3-day retreat to discuss review: sources

ECB policymakers to hold 3-day retreat to discuss review sources

FRANKFURT (Reuters) -European Central Bank policymakers will hold a three-day retreat in Frankfurt next week, aiming to discuss and potentially resolve key issues related to the bank’s strategy review, three sources familiar with the process said.

The review, started last year but suspended for much of 2020, will redefine the bank’s inflation target and could define new roles for the ECB in fostering equality and fighting climate change.

The gathering, the first physical meeting of the 25-member Governing Council since before the pandemic, aims to make significant progress though its far from certain that the process would be concluded there, one of the sources added.

“President Lagarde intends to invite the members of the Governing Council to the ECB annual retreat, which could not have been held because of the Covid situation,” an ECB spokesperson said. “The pandemic situation permitting, this retreat would take place in the second half of June.”

(Reporting by Balazs Koranyi, Francesco Canepa, Frank Siebelt)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now