Lagarde makes case for aligning ECB's inflation strategy with US Fed

The ECB is widely expected to follow in the footsteps of the Fed, which said last month it would aim for inflation of 2% on average

European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the USFederal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.

Inflation in the euro zone has missed the ECB's target of "below but close to 2%" for more than seven years, despite increasingly aggressive stimulus from the central bank, which has pushed its main interest rate below zero and bought more than 3 trillion euros ($3.51 trillion) worth of assets.
 

In her first update on the ECB's current review