ECB and BoC Poised to Cut Interest Rates This Week The European Central Bank (ECB) and the Bank of Canada (BoC) are expected to cut interest rates this week, providing relief to borrowers in the eurozone and Canada. Market indicators show an 82% probability of the BoC reducing its rate from 5% to 4.75% on Wednesday, following slower-than-expected GDP growth. The ECB is also anticipated to cut its deposit facility rate from 4% to 3.75% on Thursday, with money markets showing a 93% chance of this move. These central banks would join the Swiss National Bank, which cut rates in March, as some of the first major institutions to ease policy amidst persistent inflation concerns. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah READ MORE Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge READ MORE Powell Highlights Urgency of Addressing US Debt Path Despite Economic Strength READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment