ECB policymakers lean towards September rate cut

A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the move, on and off record conversations with seven sources indicate.

Financial markets already overwhelmingly expect a fresh rate cut next month, but policymakers have been circumspect on their next move after the central bank was criticised by some for too overtly committing itself before its first rate cut back in June.