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ECB to Cut Rates But Stay Guarded on Path Beyond: Decision Guide [Financial Post (Toronto, Ontario, Canada)]

Aegon Ltd. New York Registry Shares (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The European Central Bank is set to lower interest rates again, but will remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated. After a first reduction in June followed by a pause in July, the deposit rate will be decreased by a quarter-point to 3.5% on Thursday, according to all 68 economists surveyed by Bloomberg. Two other rates will also be adjusted as part of a policy revamp unveiled in March, but with few immediate consequences. While euro-area inflation has tumbled and a rebound in the 20-nation economy is stuttering, ECB officials still have an eye on stubbornly persistent price pressures — particularly in the services sector, where wages are rising rapidly. That's left them loathe to commit to a path ahead for borrowing costs — even as many spent recent weeks endorsing a reduction in Septembe Show less Read more
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