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The European Central Bank (ECB) is set to decide on cutting interest rates on Thursday as inflation slows across the eurozone. The ECB decision is due to be announced at 2:15 pm (1215 GMT), with financial markets expecting a rate cut. The Frankfurt-based institution’s key interest rate currently stands at 3.75% and is seen as likely to fall by 0.25 percentage points. The main refinancing rate, the rate at which banks borrow money from the ECB, is 4.25% and could also drop significantly. Inflation in the eurozone fell to 2.2% year-on-year in August, the lowest figure since 2021, but central ban…

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