ECB set for interest rate cut
Expectations are running high that the European Central Bank (ECB) will loosen its monetary policy at its meeting on Thursday.
Most expect at least a cut to the benchmark interest rate, while others say the ECB will go further.
It is thought the ECB could introduce negative rates on deposits, in an effort to boost bank lending.
This would mean banks would pay to keep money at the central bank, rather than receiving interest.
Recent economic indicators show that the recovery in the eurozone is subdued at best.
On Tuesday, figures showed that inflation fell to 0.5% in May, considerably below the ECB's goal of just below 2%.
This has raised the threat of deflation, in which growth essentially grinds to a halt because consumers put off spending in the belief that prices will fall further. Likewise, investors stop investing.
Unemployment continues to plague the eurozone. On Tuesday, a report showed that the rate for the bloc as a whole fell to 11.7% in April from 11.8% in March.
But many embattled economies of the eurozone still suffer with much higher rates - for example, Spain has an unemployment rate of 25.1%, while Greece's is 26.5%.
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