ECB not ready to cut just yet, report says
Rate-setters in Frankfurt aren't ready to start easing policy just yet, first they want to analyse more data on the state of the single currency bloc's economy.
According to Bloomberg, which cited euro area central bank officials familiar with the matter, policymakers at the Governing Council were in agreement that they might act when the Governing Council next met, on 25 July.
But for the moment they were leaning more towards a move in September, although the GC might "tweak" its communications as soon as this month in order to signal that fresh stimulus was nigh.
Euro/dollar was only slightly higher following the report, adding 0.09% to 1.12964.