FRANKFURT: ECB policymakers are leaning toward a stimulus package that includes a rate cut, a beefed-up pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said.
The sources added that there was no reason to stagger stimulus moves over several meetings, even if Brexit uncertainty was still likely to rise. But they said it was also vital for the ECB to leave some tools unused for Christine Lagarde - due to take over as president from Mario Draghi on Nov 1 - to deploy, if needed.
Sovereign debt would remain the cornerstone of any new purchase program, but private sector assets were also again likely to be included, the sources added.
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