The European Central Bank’s monthly meeting notes show policymakers to be discussing further stimulus options, including a package of rate cuts, asset purchases, partial relief for banks from negative interest and changes to a ‘symmetrical’ rate guidance.
Concerns were also raised over less-than-positive economic performance, with another forecast cut expected. Worries over external factors, including China’s slowdown, trade war fears and Brexit don’t help the matter, either.
The single currency saw a slight weakening yesterday as the pound strengthened on Angela Merkel and Emmanuel Macron’s agreeing to a thirty-day deadline for Britain to come up with alternatives to the Irish backstop.
