Frankfurt policymakers expected to cut interest rates by another 25 basis points to 2.75 per cent on Thursday
by another 25 basis points to 2.75 per cent on Thursday in a bid to energise the continent’s flagging economy.
Markets have factored in an additional 25 basis point cut at the ECB’s subsequent meeting in March, with subsequent policy moves dependent on economic data, potentially reaching a terminal level of 2 per cent. “The governing council has made clear that its priority for now is supporting activity in the common bloc, and recent data has remained consistent with an economy that is deep in the mire of stagnation,” he said.
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