Draghi Fuels Bets on Rate Cut With Risk of Limited Impact
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Mario Draghi has stoked expectations that officials will deliver an interest-rate cut today even as they doubt its impact.
The European Central Bank President said on April 4 he stands ready to act if Europe’s economic outlook worsens. After a month in which inflation plunged, economic confidence slumped and unemployment rose, 44 out of 70 economists in a Bloomberg News survey now predict the ECB will cut its benchmark rate by a quarter-point today to a record low of 0.5 percent.