ECB rate-setters ‘broadly agree’ with loose policy

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European Central Bank governing council members broadly agreed that the eurozone still needed a very accommodative monetary policy, the minutes of its April meeting show.

“Members expressed broad agreement with the proposal made by Mr Lane to leave the ECB’s monetary policy configuration unchanged and to reconfirm the very accommodative stance”, the minutes of the meeting on April 21 to 22 say. Former Central Bank of Ireland governor Philip Lane is the ECB’s chief economist.

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