ECB: Policymakers Not Yet Ready to Take Cut Off Table - Reuters Sources
Dec-18 17:11
- ECB sources tell Reuters that ECB policymakers "expect to keep interest rates steady next year but they are not yet ready to take a rate cut off the table because the outlook is too uncertain".
- The article also notes that "Sources with direct knowledge of the discussion said there was no appetite at Thursday's meeting, which ended exceptionally early just after 0900 GMT, to declare the end of policy easing because uncertainty remains high."
- Headlines are infitting with broad market expectations for no change to policy rates next year, but do add some more weight to Lagarde's comments in the press conference earlier today, in which she said that she could not provide rates guidance given the degree of uncertainty in the Eurozone economy.
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