The case for a cut in euro-zone interest rates is straightforward: the economic recovery has lost momentum and monetary policy is one of the few remaining levers available to stimulate growth. Indeed, the drop in the manufacturing PMI below 50 in April suggests that confidence may already be in rate-cutting territory.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services