ECB rate cut decision was not unanimous

BRATISLAVA Thu May 2, 2013 9:04am EDT

Related Topics

BRATISLAVA May 2 (Reuters) - The European Central Bank's decisionmakers were split over whether to cut or hold interest rates, its head, Mario Draghi, implied on Thursday.

"There was a very, very strong consensus towards an interest rate cut," Draghi told a news conference.

The ECB uses the term consensus when a decision is not unanimous.

He said that within that consensus there was a prevailing consensus towards 25 basis points.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.