India, June 5 -- The European Central Bank is widely expected to cut its interest rates on Thursday after inflation fell below the 2 percent target in May.
Markets expect the bank to lower the deposit rate by another 25 basis points to 2.00 percent. The bank has reduced the policy rates by a quarter points each in every rate-setting session since September.
The announcement is due at 8.15 am ET. ECB Chief Christine Lagarde is slated to hold the press conference at 8.45 am ET.
Other major economic reports due for the day are factory orders and construction Purchasing Managers' survey results from Germany.
At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data. The jobless rate is forecast ...