ECB: A rate cut becomes increasingly likely | Eurobank
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ECB: A rate cut becomes increasingly likely

• The ECB is likely to cut its intervention rate by 25 basis points by year end, on the backdrop of mounting headwinds and elevated uncertainty over the Greek debt sustainability.
• Injection of liquidity to the financial sector is expected to be scaled up, in order to smooth money markets tensions.
• Looking ahead, the ECB should be more tolerant to relatively high inflation and keep rates low, in order to boost growth amid strict fiscal austerity.