Draghi hints at governing council rate split


Mario Draghi suggested the European Central Bank's (ECB) governing council was divided over whether to cut rates today, as the central bank again lowered its 2013 growth projections.

Draghi confirmed the possibility of a rate cut was discussed, but the "prevailing consensus" was to hold the benchmark interest rate at 0.75%, indicating that at least one member of the council advocated a rate cut.

In a press conference after the council's meeting, the ECB president revealed his staff's latest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: