Division among ECB governors ‘could delay rate cut to 2020’

Tug of war_1_230px
By Burhan Khadbai
23 Oct 2019

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.