Economic indicators have taken a downturn, sparking a unanimous response from financial markets: the European Central Bank (ECB) will undoubtedly slash interest rates at its upcoming meeting. This forecast comes on the heels of lackluster consumer sentiment reports and a surprising dip in headline inflation, which has fallen below the 2% mark for the first time in over three years. As the data continues to paint a gloomy picture, all eyes are on the ECB to take decisive action and inject some much-needed stimulus into the economy.
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