Possible ECB Rate Cut Soon

With a new boss at the ECB  – Mario Draghi – there is some expectation of a cut in interest rates in the coming months.
A rate cut is not very likely at this week’s ECB meeting – which will be Mr Draghi’s first in charge – but there could be signals of future cuts to the interest rate.

According to a Reuters poll of 70 economists this week –  the Eurozone’s economy now faces an even chance of falling back into recession and the ECB will move to support it by cutting rates to 1.25 percent, mostly likely in December but with a small possibility of a cut this week.