The post ECB set to trim interest rates for the fifth time in a row appeared on BitcoinEthereumNews.com.

The European Central Bank is on track to deliver another 25 bps interest rate cut on Thursday. The focus remains on the ECB’s updated economic forecasts and President Christine Lagarde’s words. The EUR/USD pair braces for intense volatility on the ECB policy announcements. The European Central Bank (ECB) will announce its March interest rate decision on Thursday at 13:15 GMT. The central bank is set for its sixth-rate reduction since June 2024. Updated staff economic projections will be published at this meeting.  ECB President Christine Lagarde will hold a press confe    rence at 13:45 GMT. At this conference, she will deliver the prepared statement on monetary policy and take questions from the media. The Euro (EUR) remains poised for a big reaction to the ECB announcements against the US Dollar (USD). What to expect from the European Central Bank interest rate decision? The ECB is on track to deliver another 25 basis points (bps) cut following its March policy meeting, reducing the benchmark rate on deposit facility from 2.75% to 2.5%. The decision to cut the rate is undebatable, as the Euro area’s weak economic prospects remain a leading cause for concern for ECB policymakers. The old continent’s disinflation path remains intact, allowing the ECB some room to continue its easing trajectory.   Data released by Eurostat on Monday showed that the Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-over-year (YoY) in February after recording a 2.5% growth in January. The market forecast was for a 2.3% acceleration in the reported period. Meanwhile, the core HICP advanced 2.6% YoY in February, compared with a 2.7% increase in January, meeting the 2.6% expectations. However, the Bank’s hints on its next move on interest rates will grab the eyeballs amid looming United States (US) President Donald Trump’s reciprocal tariffs on the…

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Filed under: News - @ March 6, 2025 8:25 am