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MNI EXCLUSIVE

The top exclusives from our MNI Policy Team after the European close yesterday:

  • MNI SOURCES: ECB Inflation Target Debate Focusses On Symmetry, 17:06BST 2 June
    The European Central Bank's strategy review has reached broad consensus about the need for a new symmetrical 2% price target, but officials are still arguing about whether to follow the Federal Reserve's inflation makeup strategy and some remain unsure how to incorporate climate goals into monetary policy, Eurosystem sources told MNI.
  • MNI: Fed Plans to Begin Selling Its Corporate Bond Purchases, 21:30BST 2 June
    The Federal Reserve Board on Wednesday announced plans to begin winding down its USD13.8 billion portfolio of corporate bond and ETF purchases made last year after setting up its Secondary Market Corporate Credit Facility to support businesses under the threat of Covid.

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