Economics
ECB Watchers Are Split Over Lagarde’s Response to Virus Crisis
- Fewer than 40% of survey respondents see cut in deposit rate
- Most see cut in growth forecast for 2020, high recession risk
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Economists are torn whether the European Central Bank will unleash monetary stimulus next week to join their peers in fighting the biggest shock to the global economy since the financial crisis.
Even after central banks across the world took action to pre-empt fallout from the coronavirus outbreak, some 60% of those surveyed by Bloomberg predict ECB policy makers will refrain from lowering interest rates, with the rest predicting a cut.