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ECB Divided On Next Policy Step With Rate Cut, Guidance Change, More QE All In Play – RTRS Citing Sources
ECB Policymakers Divided On Next Policy Step, With Rate Cut, Guidance Change And More QE All In Play – RTRS Citing Sources
— LiveSquawk (@LiveSquawk) June 18, 2019
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Left in the dark, ECB policymakers divided on stimulus options
European Central Bank policymakers were divided on Tuesday, with some feeling powerless, after President Mario Draghi hinted at new stimulus measures that had yet to be discussed by the ECB’s Governing Council. Draghi told an ECB conference the central bank would ease policy again if inflation fails to accelerate, saying that fresh bond purchases, rate cuts or changes to the ECB’s policy guidance had all been “raised and discussed” at a meeting of the Council less than two weeks ago. The message depressed the euro and bond yields, in the process angering U.S. President Donald Trump, who accused Draghi of ... (full story)
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