Faced with flat growth and prices in the eurozone,the European Central Bank is expected to cut rates and expand QE, but the Fed is likely to raise rates in the US A critical few weeks for the global economy will originate on Thursday when the European Central Bank (ECB) decides whether to grasp fresh steps to boost growth and stimulate inflation in the 19-country eurozone.
Financial markets are convinced the ECB’s president, and Mario Draghi,will announce cuts in interest rates and a stepping up of the bond-buying programme known as quantitative easing (QE) after its latest policy meeting in Frankfurt.Continue reading...
Source: theguardian.com