ECB Weighs Strategy Overhaul Amid Global Volatility

The European Central Bank is contemplating a strategic shift in its monetary policy to better address price shocks amid increasing global volatility. An informal retreat in Porto, Portugal, will serve as the venue for an in-depth discussion among ECB Governing Council members about this potential policy change.

The European Central Bank is evaluating a potential overhaul of its monetary-policy strategy in response to rising global volatility and unpredictable price shocks, according to a report by Bloomberg News on Thursday.

Sources familiar with the situation suggested that ECB Governing Council members are slated to discuss a strategic shift during an informal retreat occurring on May 6-7 in Porto, Portugal. The meeting is expected to provide the first comprehensive debate on an ongoing review of their approach.

Preparations for this pivotal discussion were relayed by individuals preferring anonymity, pointing to the significance of this potential policy evolution.

(With inputs from agencies.)