The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany, December 7, 2017. REUTERS/Ralph Orlowski
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The language on the monetary-policy stance could be revisited early this year.A minor tweak in the Bank of Japan's bond-purchase operation Tuesday saw the yen strengthen more than 1 percent in two days, and a change in the way China's central bank manages the yuan sparked losses in that currency.Though inflation remains weaker than the ECB would like, the broader economy is booming, with the central bank estimating the fastest expansion in 10 years in 2017 . At its December meeting, the ECB confirmed its decision to extend quantitative easing until at least September, at a reduced monthly pace of 30 billion euros ($36 billion), despite the faster economic expansion.Estimates Thursday showed the German economy probably grew about 0.5 percent in the fourth quarter of 2017, while France's expanded 0.6 percent.
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