Financial News: European Economic News Preview: ECB Set To Cut

European Economic News Preview: ECB Set To Cut Rates

03/06/2025 - 00:41:00 (RTTNews)

(RTTNews) - The European Central Bank is likely to cut its interest rates on Thursday as inflation softened amid weaker economic growth. Markets expect the bank to lower the policy rates by 25 basis points. The deposit facility rate is likely to be reduced to 2.50 percent from 2.75 percent.

The policy announcement is due at 8.15 AM ET. ECB President Christine Lagarde will hold customary press conference at 8.45 am ET.

Other major reports due for the day are retail sales from the euro area and construction Purchasing Managers' survey results from Germany and the UK. At 3.30 am ET, S&P Global publishes Germany's construction PMI data.

At 4.30 am ET, the UK construction PMI survey results are due. Economists expect the construction PMI to rise to 49.5 in February from 48.1 in January.

At 5.00 am ET, Eurostat releases euro area retail sales data for January. Sales are expected to grow 0.1 percent on month, reversing a 0.2 percent fall in December.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Plunges To Lowest Level In Over Two Years (12 min(s), 43 sec(s) ago)
(RTTNews) - Largely reflecting a substantial deterioration in consumer expectations, the Universit ...Full Story»

Slovakian Inflation Eases Slightly To 3.8% (09 min(s), 43 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation eased marginally in February from a 1-year hig ...Full Story»

Polish Inflation Remains Stable At 4.9% (29 min(s), 17 sec(s) ago)
(RTTNews) - Poland's consumer price inflation held steady in February, data from Statistics Po ...Full Story»

Spain Inflation Rises To 8-Month High As Estimated (01 hr(s), 06 min(s), 17 sec(s) ago)
(RTTNews) - Spain's consumer price inflation rose to an eight-month high in February, as estim ...Full Story»

Sweden Jobless Rate Falls To 9.4% (01 hr(s), 18 min(s), 17 sec(s) ago)
(RTTNews) - Sweden's jobless rate decreased in February to the lowest level in three months, f ...Full Story»

German Wholesale Price Inflation Highest In Nearly 2 Years (01 hr(s), 57 min(s), 17 sec(s) ago)
(RTTNews) - Germany's wholesale prices increased for the third straight month in February, and ...Full Story»

UK Inflation Expectations Rise: BoE/Ipsos Survey (02 hr(s), 02 min(s), 17 sec(s) ago)
(RTTNews) - UK inflation expectations increased in February, the latest quarterly Inflation Attitu ...Full Story»

Italy Industrial Production Rebounds 3.2% (02 hr(s), 30 min(s), 17 sec(s) ago)
(RTTNews) - Italy's industrial production bounced back sharply at the start of the year, data ...Full Story»