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ECB rate cut expected, but that's about it
The European Central Bank is widely expected to lower interest rates Thursday, but analysts say ECB officials are unlikely to announce more unconventional moves to stimulate economic activity. ECB president Mario Draghi and members of the bank's governing council will meet in Frankfurt for their monthly policy discussion. This comes a week after euro area political leaders agreed to move towards a centralized banking authority under the direction of the ECB. In what many see as a reward for the politicians, the ECB is expected to cut its main lending rate by 0.25% to an all-time low of 0.75%. But most experts say ... (full story)
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