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ECB Is Watched as Central Banks Shift Gears: Decision Day Guide

  • Updated forecasts and falling inflation expectations in focus
  • World’s major central banks are turning toward looser policy
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June 5: Pimco's Sundstrom Says ECB Has 'Very Poor Tool Box'

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The European Central Bank will decide on Thursday whether the euro zone needs more stimulus as its global peers move to shore up a recession-threatened global economy.

Officials are in Vilnius, leaving Frankfurt for an out-of-town policy meeting, to review updated forecasts amid plunging inflation expectations and escalating international trade tensions. Investors and economists are increasingly calling for action or for a signal that President Mario Draghi will deliver a last burst of monetary support before his term ends in October.