ECB rate cut decision was not unanimous

Published May 02, 2013

| Reuters

The European Central Bank's decision makers 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.

(Reporting by Michael Shields Editing by Jeremy Gaunt)

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