Economics
ECB Policy Makers See No Rush for July Interest-Rate Cut
- Central bank could use next meeting to signal later stimulus
- Governing Council will get new economic forecasts in September
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European Central Bank policy makers aren’t yet ready to rush into additional monetary stimulus at this month’s meeting, preferring instead to wait for more data on the economy, according to euro-area central-bank officials familiar with the matter.
While Governing Council members agree that they could act on July 25 if the outlook deteriorates, they are currently leaning toward the following meeting in September when they’ll have updated economic forecasts to back up their decision, the people said. The council might tweak its policy language this month to signal more stimulus is imminent.