The European Central Bank is releasing its its decision on interest rates and a rate cut is a foregone conclusion. The monetary authority for the 20 euro currency countries is expected to lower its benchmark by at least a quarter percentage point.
The Europe an Central Bank, right, stands amid buildings in the banking district of Frankfurt, Germany , Nov. 12, 2024. , the Europe an Union’s second largest economy, the question ahead of the Europe an Central Bank meeting Thursday is not whether it will cut interest rates, but by how much.
But the prospect of a half-point cut isn’t out of the question for the bank and its President Christine Lagarde as new risks that emerged since the bank’s last meeting on Oct. 17 cast a shadow over an already tepid recovery from a post-pandemic stagnation.on Nov. 5 heightened the prospect of a more protectionist U.S. trade policy, such as new or higher tariffs on imported goods, after he takes office on Jan. 20.
All that has dinged the confidence that businesses need to borrow, invest, expand production and take risks. The survey index of purchasing managers compiled by S&P Global came in at 48.3 in November, with levels below 50 suggesting the economy is slowing. The Sentix survey of investor confidence fell in its first update after the U.S. election, by 4.6 points to minus 17.5.from its peak of 10.
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