ECB to keep one-governor, one-vote system for now

The European Central Bank's (ECB) Governing Council has gone back on the voting structure set out in its statute and opted to keep its one-governor, one-vote regime until the number of eurosystem central banks exceeds 18. The central bank also said that it would cut its deposit rate in a bid to foster interbank lending.

Under the Statute of the European System of Central Banks, the number of governors with voting rights is limited to 15, with the remaining six seats on the 21-strong council

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