ECB Needs to Speed Up Strategic Review After Fed Move, Praet Says

The transcript discusses the European Central Bank's (ECB) challenges, focusing on inflation and exchange rates. It highlights the impact of rapid exchange rate movements on ECB's tasks and the importance of market fundamentals. The discussion includes the positive market reaction to the EU's Recovery Fund decision and the euro's appreciation. The ECB faces pressure to accelerate its strategic review due to external factors, including US economic actions affecting the euro. The ECB's response involves strategic communication to manage these pressures effectively.

What complicates the ECB's situation today as mentioned in the text?

What is the significance of the strategic review for the ECB?