The European Central Bank is set to pledge to a longer period of monetary stimulus when it meets on Thursday for the first time since the bank unveiled its new strategy, following an 18-month strategic review that will see policymakers targeting inflation at 2%, and even allow it to run higher or lower that level for a brief period. Among other changes, officials are likely to be more considerate of climate risks and some housing costs when deciding on monetary policy. Although no new measures are expected to be announced for now, ECB chief Christine Lagarde signaled “interesting changes” on the bank’s guidance that will set the stage for a series of decisions, including the future of the Pandemic Emergency Purchase Programme (PEPP). She has also promised “shorter, crisper” policy statements to facilitate communication.