Investing.com -- European Central Bank policymakers advocating for additional interest rate reductions are facing resistance, according to a Bloomberg report citing people familiar with the matter.

Maintaining current rates appears to be the baseline scenario for September after eight cuts since June 2024, the sources said, requesting anonymity as they were discussing private matters. Some officials indicated that those seeking further easing must justify their position, rather than those opposing additional cuts having to defend their stance.

The sources noted that views could still change depending on developments with US tariffs before and after the August 1 deadline for trade talks.

An ECB spokesperson declined to comment on the report.

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ECB policymakers face uphill battle for further rate cuts - Bloomberg

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