The European Central Bank Holds Court Tomorrow

All eyes are on the European Central Bank’s (ECB) announcement tomorrow morning. The Bank of England (BoE) also meets tomorrow; the Fed’s FOMC meeting is scheduled for December 13. Markets are looking for the ECB to lower the policy rate from the current level of 1.25%. The ECB unlike the Fed and the Bank of England held the policy rate at 1.00% as the global financial crisis unfolded in late-2008. It is strongly likely that Mario Draghi will announce a rate cut. But, markets are looking for

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