FRANKFURT, Germany – Top officials at the European Central Bank debated expanding monetary stimulus for the Eurozone economy at their last meeting — before deciding to hold off any changes until December.
The written account of the Oct. 22 meeting released Thursday shows the bank's governing council remains worried about persistent low inflation and the impact on Europe of the economic slowdown in China and other emerging markets.
The account says that "the view was put forward" that a case for more action could be made "already at the current meeting."
That view was countered by arguments that domestic demand was strengthening and that more analysis was needed.
ECB head Mario Draghi has said the bank could increase its stimulus at the Dec. 3 meeting.