The European Central Bank is set to increase efforts to shore up the slumping eurozone economy this week, cutting interest rates to a record low of 1% and embarking on further radical and aggressive measures.
A further quarter-point cut in official eurozone interest rates to 1% — a level not reached since the euro's creation — is seen by economists as all but certain when the ECB's Governing Council meets on Thursday.
But markets are on alert for the ECB to go beyond this and order a series of unconventional measures as it steps up its campaign to breathe life into the moribund eurozone economy.
The Times
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