Central Banks
ECB to Step Up Pace With Back-to-Back Rate Cuts: Decision Guide
- Economists see quarter-point decrease in deposit rate to 3.25%
- Weaker-than-expected economy is spurring officials to act
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The European Central Bank is set to lower interest rates for a second straight meeting — quickening the speed of cutting after data showed that the rapid retreat in inflation is being accompanied by a deteriorating economy.
Just five weeks after the last reduction, analysts polled by Bloomberg unanimously predict that the deposit rate will be decreased by another quarter-point on Thursday, to 3.25%.