ECB 'leaning towards' September move

Expectations for more monetary stimulus increased after ECB president Mario Draghi sprang a surprise policy statement on June 18, saying action will be needed 'in the absence of improvement' in inflation

Mario Draghi's term ends on October 31

European Central Bank policy-makers are not yet ready to rush into additional monetary stimulus at this month’s meeting, preferring instead to wait for more data on the economy, according to euro area central bank officials familiar with the matter.

While Governing Council members agree that they could act on July 25 if the outlook deteriorates, they are currently leaning towards the following meeting in September, when they will have updated economic forecasts to ...