Money Minute, Thursday 12 September: ECB interest rate decision
Money Minute is all about the European Central Bank today, with markets expecting an interest rate cut as a bare minimum.
Welcome to Thursday's Money Minute in which we preview the big stories of the day in just 60 seconds.
It's all about the European Central Bank today.The announcement is made at 1:45pm UK time. But the real market-moving meat will come in ECB boss, Mario Draghi's press conference at 2:30pm.
Markets expect an interest rate cut as a bare minimum. The key eurozone rate is already sitting at negative 0.4%, but Draghi is expected to take it further into negative territory.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
But that's just the beginning. Markets are betting on a much bigger stimulus package - the "big bazooka" as it's been nicknamed.This is likely to take the form of more quantitative easing, where the ECB prints money to buy government bonds.
The market is hoping for at least €30bn of QE a month, potentially combined with measures to prevent negative interest rates from hurting the profitability of eurozone banks.
The risk is that Draghi's fellow policy makers will object to the scale of the stimulus and prevent him from acting as aggressively as he would like.If that happens, stocks are likely to fall.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran