The European Central Bankwill likely kickstart coordinated rate cuts by global central banks, said an economist, as he weighed in on the implications of the move. Rate Cuts Back? ECB’s Governing Council is scheduled to announce its interest rate decision at 8:15 a.m. EDT following a meeting held in Frankfurt on Thursday. The announcement will be via a monetary policy statement and ECB President Christian Lagarde will host a press conference at 8:45 a.m. EDT. After cutting rates by 25 basis points in June, the ECB held fire in its July meeting to assess the impact. The central bank said that th…
