JACKSON HOLE, Wyoming – European Central Bank policymakers are increasingly concerned about deteriorating growth prospects and, while the debate is still open, momentum for a pause in its rate hikes is building, eight sources with direct knowledge of the discussion said.
The ECB has raised rates at each of its past nine meetings to tame prices, most recently on July 27, when it left its options open for its next meeting in September, with policymakers divided between a pause and tightening further.
Conversations with eight policymakers in Europe and on the sidelines of the U.S. Federal Reserve’s Jackson Hole symposium suggest the “pause” camp is now growing, after major economic in…
Keep on reading: Momentum growing for ECB rate hike pause as growth falters -sources
