JPMorgan, Deutsche Bank Now See ECB Cutting Rates This Week

Economists are increasingly counting on the European Central Bank to cut interest rates on Thursday, with Deutsche Bank AG and JPMorgan Chase & Co. joining colleagues at HSBC Holdings Plc and Oxford Economics in predicting reductions.

ECB President Christine Lagarde “will be aware that her first big policy decision will shape perceptions of her approach, and therefore it now makes sense to err on the side of a bigger response, given the deteriorating backdrop,” Greg Fuzesi, an economist at JPMorgan in London, said in a note to clients on Monday.