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from the world of economics and financeThe President of the European Central Bank (ECB) Christine Lagarde will be discussing the central bank’s interest-rate decision on Thursday. Photo: AFP via Getty Images
The European Central Bank is expected to cut interest rates as the disinflationary process continues amid worries about the strength of the economy.
The ECB’s deposit rate is seen being cut to 2.75% from 3%, which would be the lowest in nearly two years. Economists at Bank of America say it’s an “easy” call to make given that even hawkish members view ECB policy rates above 2.5% as restrictive.
About the Author
Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
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