Report: The European Central Bank discusses lowering interest rates below the neutral level.

The American news agency Reuters published a report on Wednesday morning - citing some of its sources familiar with the matter - stating that policymakers at the European Central Bank have begun discussing whether interest rates need to be lowered sufficiently to start stimulating the economy and end years of economic constraints.

According to one of the agency's sources mentioned in the report, the European Central Bank may resort to lowering interest rates below the neutral level, indicating that neutrality may not be enough to revive economic growth. The source added that while this decision is still somewhat distant, the Eurozone economy has remained very weak for two years with no recovery in sight.

However, sources confirmed that any consensus or agreement on any viewpoint or decision regarding the matter is still far from being reached. Nonetheless, the discussions - relayed by more than 12 sources - represent a significant shift in the monetary policy discussions at the European Central Bank, which could ultimately lead to a rate cut sooner and more than current expectations.

The sources also claimed that the European Central Bank must reconsider its guidance on taking a data-dependent approach meeting after meeting in monetary policy, and abandon the reference to restrictive interest rates as an indication that it takes negative risks seriously.