FRANKFURT: The European Central Bank is expected to cut interest rates to an all-time low of 1.5% on Thursday and slash its 2009 and 2010 economic forecasts to reflect the break-neck pace of deterioration in the euro zone.
All 78 economists polled by Reuters see rates being cut to the lowest level in the ECB’s 10-year history in March, following a pause at 2% in February.
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