• Some ECB policymakers wanted more cautious tone on growth: sources


    A handful of European Central Bank policymakers urged President Mario Draghi to strike a more cautious tone on the economy in this weeks policy message but were ultimately won over, two sources told Reuters. The ECB cut its growth forecast for the euro zone at Thursdays meeting but reaffirmed plans to continue withdrawing its monetary stimulus in the coming months, arguing that a benign picture at home offset turbulence in emerging economies. It even repeated a reference to broadly balanced risks - central bank parlance for a situation where the odds on positive and negative surprises are roughly the same. But a minority of ... (full story)