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European Central Bank to add more stimulus

June 5, 2014

The European Central Bank (ECB) is expected to deliver additional measures to rekindle the economy and prevent deflation in the Euro area at today's meeting. Raising pressure on the ECB to act, euro-area inflation slowed more than economists forecast in May, with the rate falling to 0.5% percent from 0.7% in April. Policy makers have said they’re considering all options within their mandate. In addition to a cut in the benchmark rate, now at 0.25%, the majority see the ECB becoming the first major central bank to cut its deposit rate below zero. Eurozone gross domestic product slowed to 0.2% in Q1 after the statistics office revised the last quarter of 2013 to show expansion of 0.3%.

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