ECB governing council members have no policy consensus beyond deposit rate cut

Author: Ryan Littlestone | Category: News

ECB sources report via social media

The euro is jumping on the indecision these comments seem to insinuate but they are no surprise. There's hawks and doves aplenty among the governing council so this is just normal discussion. 

The ECB monetary policy meeting is not decided on a strict voting system. Peter Praet starts by putting forward a proposal that's generally based on a broad consensus of views. Then they discuss it and trim/add as they see fit.

EURUSD has moved up to 1.0970 from 1.0940, as have other euro pairs but when the market regains its senses that might reverse. There's no further data out until NFP's so expect more of the same tail chasing.           

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