European Central Bank policy makers will need to muster a broad consensus in favor of more monetary stimulus in September to make it credible, Governing Council member Peter Kazimir said.
While expectations among investors and economists are growing for a package of measures in September, there’s a risk of a split among officials on how comprehensive their response should be. Bundesbank President Jens Weidmann warned against a panicky reaction over the weekend, saying he would be cautious about restarting bond-purchases.