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The ECB Governing Council decided to keep its monetary policy unchanged at its regular monetary policy meeting on Thursday 21 January, after adopting a new round of easing measures just a month earlier. Adopting a more dovish than expected tone, the ECB President also made clear that the ECB has “power, willingness and determination” to do whatever is needed to pursue its price stability mandate, and revealed that all members of the Executive Board unanimously agreed that the monetary policy stance would be reviewed and possibly reconsider at the March meeting, when the new staff macroeconomic projections including the year 2018 will be published.