The European Central Bank is almost certain to cut interest rates on Thursday and may continue to open the door for further easing policies, as concerns about sluggish economic growth have replaced worries about persistent inflation. The ECB cut borrowing costs four times last year and is expected to make three to four more cuts by 2025, as some believe that the worst inflation surge in generations is nearing its end and the economy needs relief. Given that the Eurozone is experiencing an industrial recession and weak Consumer demand, the rationale for cutting rates is so clear that not a single one of the 26 ECB policymakers has publicly opposed it. This may imply unanimous agreement to lower the deposit rate from 3% by 25 basis points. Although ECB President Lagarde is unlikely to make a definitive commitment to further rate cuts, she is expected to reiterate her long-held guidance that the policy direction is clear, against the backdrop of a potential trade war with the USA which could further weaken already sluggish economic growth.
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机构:欧洲央行今日料将再次降息,并为进一步宽松政策敞开大门
Institutions: The European Central Bank is expected to cut interest rates again today and open the door for further easing policies.
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