Bloomberg had the story citing "EZ officials familiar with the matter" 2 Feb
Adam gave the heads up here in the US session and there was also another story in that session posted by Greg about Nowotny wanting an end to the bond-buying programme.
Our friends at Livesquawk have just posted the BB article in full so it's doing the rounds again. At the risk of overkill here it is.
Some Governing Council members at last week's meeting argued that the ECB needs to be more specific than its current expectation that it will keep rates on hold until "well past" the end of asset purchases, the officials said. The concern is that the vagueness of that phrase could contribute to market volatility that weakens the economy, they said, asking not to be identified because the deliberations are confidential.
Draghi didn't want to change the wording and there was no extensive debate, the people said. Some Governing Council members are comfortable with the "well past" phrase, arguing that it gives them more flexibility in setting the appropriate level of monetary stimulus for the inflation outlook, one of the officials said.
An ECB spokesman declined to comment. Draghi said in his press conference after the meeting that there were no "existential" differences between policy makers.
Full article here for those who haven't read it.
I don't think it's anything we would be surprised about and Draghi did say that normal differences exist, albeit not as substantive as previously, and smiled as he said it. To be honest we should welcome that there is healthy debate from all sides of the council.
EURUSD currently 1.2503 having squeezed it's way up after the option-led containment around 1.2450. Barrier option in place at 1.2600 to keep in mind still should we get close.
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