Central Banks
ECB Officials All But Rule Out July Cut With September Unclear
- There’s no settled consensus on a reduction on Sept. 12
- Officials didn’t doubt need to deliver move on Thursday
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European Central Bank officials are all but excluding a second interest-rate cut in July, and some also question if such a move would be wise at the following meeting in September, according to people familiar with the matter.
The discussion on Thursday barely considered the possibility of a reduction next month, and there’s currently no settled consensus on decreasing at the subsequent gathering on Sept. 12 when they issue their next round of quarterly forecasts, the people said, declining to be identified because talks on the matter are private.