(Bloomberg) — The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago.
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The third quarter-point reduction of this cycle is seen likely by economists to herald a longer-lasting acceleration in action by officials seeking to cushion the euro zone from the hit to growth created by an extended period of high borrowing costs, and now playing out with a lag.
ECB President Christine Lagarde, at the press conference she’ll host after Thursday’s meeting near the Slovenian capital of Ljubljana, may be quizzed both on the path forward for further cuts, and on what materially changed from the September meeting.
With a smaller-than-usual gap of just five weeks between decisions, and not much new data available, officials appear to be abandoning…
