ECB's Lagarde ready to show full hand on stimulus

With investors growing more confident that interest rates will remain low for the foreseeable future, there’s a high bar for the ECB to provide any surprises

ECB president Christine Lagarde. File Picture: 

European Central Bank officials are poised to reveal just how their new monetary strategy, unveiled with fanfare earlier this month, will actually make a difference to investors.

At their decision on Thursday, policymakers will tweak their stance to reflect changes ranging from a slightly higher inflation goal of 2% to an explicit allowance that they might overshoot it for a while.