The ECB Shadow Council provides a forum for the discussion of all issues related to monetary policy in the Eurozone.
Summary minutes of the meeting on April 3, 2008


The ECB Shadow Council decided with a majority of ten members to recommend that the ECB leave its key rate unchanged at four percent at the next policy meeting on April 10. Five members voted in favour of a rate cut of 25 basis points instead. This was down two from last month’s seven votes for a cut.