Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024.
Traders are widely anticipating an interest rate cut at the Federal Reserve's Sept. 17-18 meeting, as well as at the ECB's meeting this week.
"The rate cut this Thursday should be largely uncontroversial," Holger Schmieding, the chief economist at Berenberg Bank, told CNBC in an email to clients.
In July, the ECB left interest rates unchanged in a unanimous vote following June's landmark cut.
The ECB's key interest rate — which helps to price all sorts of loans and mortgages across the bloc — is currently at 3.75% after years of aggressive hikes.
Persons:
Christine Lagarde, Holger Schmieding, Joachim Nagel, Anatoli Annenkov, what's
Organizations:
European Central Bank, ECB, Bloomberg, Getty, FRANKFURT, U.S . Federal Reserve, Federal, Berenberg Bank, CNBC, ECB Council, —, Bank
Locations:
Frankfurt, Germany, Société, Ljubljana, Slovenia