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ECB signalling imminent rate cut
The European Central Bank has issued another signal that it's preparing further moves to avert the risk of deflation in the 18 countries that share the euro. A leading member of the ECB's executive board, Yves Mersch, said that the likelihood of further action next month was increasing. 'The probability that the governing council will take action at its next policy meeting in June has increased considerably,' Mersch told a conference in Munich on Monday. The remarks back up comments by ECB president Mario Draghi earlier this month who said the decision-making governing council was 'comfortable' with the idea of ... (full story)
