European Central Bank officials have signalled that advocates of an additional interest-rate cut will encounter strong resistance inside the Governing Council, according to people familiar with the discussions. Sources said the bar for easing at the ECB’s September meeting is set high; policymakers would need to see a clear deterioration in economic indicators and lower staff projections before considering another reduction.
ECB policymakers pushing for another reduction in interest rates face an uphill battle https://t.co/3kGPEAViFI
ECB officials say those seeking another rate cut face a battle https://t.co/QRAXRDPjDD via @jrandow @Alemrome https://t.co/51RggFKXjf
ECB Policymakers Set High Bar For Sept Rate Cut - Sources - Sept Rate Cut Would Require Deterioration In Data, Lower Projections