REUTERS/Kai Pfaffenbach
A man uses his mobile phone to take a picture of the euro sculpture outside the head quarters of the European Central Bank (
The consensus forecast on Wall Street is that the ECB will maintain its benchmark refinancing rate at 0.50%, where it's been since May.
Yet with a persistently appreciating euro and the release of data last week revealing that eurozone consumer price inflation plunged to 0.7% year over year in October from 1.1% in September, a few notable firms (BofA Merrill Lynch, UBS, and RBS) predict the ECB will cut the refi rate to 0.25% Thursday, while a few others (Morgan Stanley and Société Générale, to name two) think it will do so at its December meeting.
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