Some European Central Bank (ECB) policymakers wanted a bigger interest rate cut on its deposit facility in December, minutes showed on Thursday, after the bank disappointed some analysts by making only modest adjustments to policy.
“Some members expressed a preference for a 20 basis point cut in the deposit facility rate at the current meeting, mainly with a view to strengthening the easing impact of this measure and reflecting the view that, to date, no material negative side effects on bank margins and financial stability had emerged,” minutes from the ECB’s meeting on December 2-3, published on Thursday, said.
