ECB said to not be seeking to make any major adjustments to policy at next meeting; deflation risks however are clear with much concern within the EMU - financial press
- May seriously consider a cut in the deposit rate by 10bps
- No sharp divisions said to exist within the EMU but consensus on decisions is difficult
- Discussions of a new LTRO are now not a major priority
- No sharp divisions said to exist within the EMU but consensus on decisions is difficult
- Discussions of a new LTRO are now not a major priority