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30 January
ECB decision: Rates expected to come down to nearly two-year low

Christine Lagarde press conference to be eyed for comments on March path

The 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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