ECB council members signal May cut

Two of the members of the European Central Bank's (ECB) Governing Council have signalled that the central bank will cut again next month and may introduce further measures to soothe credit conditions.

Guy Quaden, the governor of the National Bank of Belgium, told reporters in Washington at the weekend that the council would most likely make a "moderate" cut at its next vote on 7 May. Nout Wellink, the president of the Netherlands Bank, also said that "a number of options" were under considera

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