Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

The European Central Bank (ECB) is widely expected to cut interest rates on Thursday for the fourth time this year. This is a significant achievement as it suggests that the ECB, which sets monetary policy in the Eurozone, is accelerating its path towards lower interest rates after an unprecedented increase.

European Central Bank officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can actually help, though, is hotly contested.

President-elect Donald Trump's tariffs and political crises in France and Germany have darkened the outlook for the euro area.

Already, the heads of the Italian and the Finnish central banks have called for the ECB to give clearer signals that it will continue to cut rates next year and drop the “data-dependency” doctrine that has forced it to make policy on the hoof since the inflation surge started in 2021.

Preview the upcoming ECB meeting, including rate cut expectations, economic factors influencing the decision, and potential market impact. Get the latest analysis.

The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.

The European Central Bank (ECB) will announce its interest rate decision tomorrow, with odds in favor of a 25 basis point cut, bringing the policy rate to 3.00%. This would mark a fourth cut this year.