ECB president Christine Lagarde
LONDON: The European Central Bank (ECB) will probably advance the global push for monetary easing this week with an interest-rate cut that policymakers had all but ruled out just a month ago.
The third quarter-point reduction of this cycle is seen likely by economists to herald a longer-lasting acceleration in action by officials seeking to cushion the eurozone from the hit to growth created by an extended period of high borrowing costs, and now playing out with a lag.
