ECB Officials Signal Policy Pause as Newest Stimulus Implemented
- French and Lithuanian central bankers want to gauge measures
- Italian governor still sees ‘concrete’ deflation risk
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European Central Bank policy makers signaled the institution will refrain from announcing fresh stimulus while it gets its newest measures under way.
The governors of the French and Lithuanian central banks said on Wednesday that the focus should be on implementing tools announced in March, including corporate-bond purchases and a new series of long-term loans to banks. Even so, Italy’s central-bank chief set a gloomy tone by saying he still sees a “concrete” risk of deflation in the euro area.