That's another way to say it wasn't unanimous
- There's no doubt about the willingness to act
- Some banks business models expose them more to negative rates
It's a knife-fight in the market right now. Blood everywhere.
More:
- Volatility has caused a tightening of financing conditions
- There has been widespread volatility at high intensity
- This is an 'adequate' reaction to weaker growth and prices
- The ECB hasn't shown it's short of ammunition
