European Central Bank expected to cut benchmark interest rate today
Dec 8th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank is expected to cut its benchmark interest rate today. It is likely that the cut will be 0.25% to 1% but given the backdrop of crisis in the Eurozone, there is an outside chance that the cut could be to a record low of 0.75%.