Division among ECB governors ‘could delay rate cut to 2020’
The lack of unity among the European Central Bank’s Governing Council on monetary policy means its next deposit rate cut will probably not occur until next year, according to analysts.
“Considering the significant disagreements over the appropriate policy actions, we acknowledge that there is a clear risk of temporary policy paralysis at the ECB,” said a buy-side analyst. “That would delay the timetable of further cuts.”The lack of unity among the GC “creates a new challenge for ...
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