Wednesday February 19, 2020

ECB seen cutting rates to historic low

The European Central Bank will tomorrow cut its benchmark interest rate below one percent for the first time to a record low of 0.75 percent, analysts predict.

4th July, 2012
ECB, Frankfurt

The European Central Bank will tomorrow cut its benchmark interest rate below one percent for the first time to a record low of 0.75 percent, analysts predict.

“It’s a bold move and will lead the ECB into uncharted territory,” Julian Callow, chief European economist at Barclays Capital in London, told Bloomberg News.

“With soaring unemployment and few signs of the economy recovering, some strong monetary medicine is needed. But let’s be honest,...

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