The European Central Bank announced the outcome of an 18-month strategy review. Inflation target was raised to 2% from previous "below but close to 2%" - which would theoretically allow for inflation overshoots. The Central bank confirmed that HICP remains an appropriate price measure. Policymakers also said that they will be further incorporating climate change considerations into the monetary policy framework.
DE30 broke below the lower limit of the consolidation range at 15450 pts and continues to move lower following the ECB announcement. Next target for bears is located at 15280 pts. Source: xStation5
