European Central Bank poised to resume its rate-cutting cycle: Live updates

Goldman economist believes that the ECB will cut rates by a quarter-point, but the challenge lies in guiding the market on what to expect next. UBS CEO suggests a moderate rate cut is appropriate. Another economist predicts that the ECB will likely reduce rates in September, but further cuts are not expected this year. The ECB is set to cut rates just days before the Fed begins its own rate-cutting cycle. Traders are anticipating rate cuts from both central banks. ECB’s key interest rate is currently at 3.75%.