ECB interest rate cut expected
The European Central Bank (ECB) is expected to cut interest rates this Thursday, with some experts saying the cut could be as much as 0.5%. Some experts are also suggesting that the ECB will continue to cut rates next year to a record low of 0%.
Director of research at Savills, Joan Henry, said: “The ECB is expected to cut the base rate by at least 0.25% and more likely by 0.5% this week — it has to get the balance right between frightening the markets, which are already very sensitive to any and all developments in the eurozone, and showing that it is willing and able to acknowledge the current crisis by delivering a serious cut in rates.”
