The onset of euro (EUR) weakness these past few days has generated some calls for the European Central Bank (ECB) to take action and intentionally depreciate its currency’s value. The euro zone has been struggling to stay afloat with financial uncertainty wracking its periphery and several economists believe an interest rate cut could help alleviate some of the pressure.
The ECB is scheduled to publish its latest interest rate decision, known as the Minimum Bid Rate, this Thursday at 12:45 GMT. Forecasters are expecting the bank to hold rates at 1.50%, but speculators appear to be raising their voices in a bid to change the picture of the region’s economy, which appears bleaker by the day.
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