Economics
ECB Sees Little Reason to Rush Into New Stimulus This Month
- Policy makers expect more clarity on outlook in December
- Postponing decision makes unanimous support more likely
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European Central Bank officials see strong reasons to hold their nerve instead of rushing into expanding emergency stimulus despite a sharp slowdown in the economy and rise in coronavirus cases.
While the surge in infections means new social restrictions and a hit to activity, there’s little appetite among most policy makers to expand bond buying again at this month’s meeting, people involved in deliberations said. They asked not to be named because the discussions are private.