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ECB minutes: Considered sharper rate cut in March

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    European Central Bank (ECB) March policy account/minutes released today showed governing council considered a much sharper rate cut in March, but feared reaching a zero lower bound.

    Key points

    Discussed negative rate exemption in March

    Saw exemptions scheme as too complex

    Broad agreement among members that strong policy response was needed but there were different views on package components

    A further cut in the deposit rate would pressure banks profitability
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