Foreign Exchange & Fixed Income

Reuters reveals ECB package could include rate cut, tiering, new guidance

Reuters reveals ECB package could include rate cut, tiering, new guidance

Reuters exclusively reported that ECB policymakers are leaning toward a stimulus package that includes a rate cut, a beefed-up pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates. Many also favor restarting asset buys, a significantly more powerful weapon, but opposition from some northern European countries is complicating this issue, Reuters sources said.