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 Gold Prices Rebound Amid Rate Cut Speculations and Data Focus READ MORE Global PMI Data Shows Persistent Price Inflation in May READ MORE Silver Market Faces Major Deficit as Industrial Demand Hits Record Highs READ MORE Ukraine's Air Defense Plea Intensifies After Devastating Missile Strike READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE Add a Comment Cancel replyYour email address will not be published.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