Livesquawk noting a "sources" story doing the rounds
- Consensus is forming around a rate cut
- Current debate is over size of cut
- Around 20 proposals are under consideration
Reuters have the story. They say some sources are saying that the deposit rate cut should be larger than the 0.1% expected by the market. The preference for a move on rates is seen as the easier choice while they discuss whether to increase QE
It's likely the ECB do go with a rate move as QE was a hard sell in the first place and will be a doubly hard re-sell to many
