Eco Week Ahead
ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
- Second move may precede an initial reduction by US officials
- Chinese consumer price data, RBI decision, UK wage numbers due
Euro-zone officials have signaled that they’ll deliver a second reduction in borrowing costs.
Photographer: Alex Kraus/Bloomberg
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The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronized easing.
Euro-zone officials have signaled that they’ll deliver a second reduction in borrowing costs, following up on June’s move, which will be scrutinized by investors looking for policymakers’ intentions for any further steps later this year. At least one more cut is seen likely in 2024.