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ECB Policy Makers Cool on More Stimulus Even If Outlook Worsens

  • Governors said to expect another growth downgrade in December
  • Lagarde presidency in focus after split over Draghi stimulus
The European Central Bank (ECB) headquarters, center, stand illuminated back dropped by the financial district skyline beyond shipping containers on the quayside at Frankfurt Osthafen container dock, operated by Contargo Rhein-Neckar GmbH, in Frankfurt, Germany, on Tuesday, Aug. 13. 2019. Germany’s economy shrank in the second quarter, ramping up pressure on Chancellor Angela Merkel to unleash fiscal stimulus as manufacturers reel from a U.S.-China trade war.
Photographer: Alex Kraus/Bloomberg

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European Central Bank policy makers don’t expect any more monetary easing in coming months despite a likely downgrade in their economic forecasts in December, according to euro-area officials.