Interest rate cut will not solve region's problems

Anaemic economic growth will not be the European Central Bank's only concern as it sits down on the 4 September to decide whether to cut rates. According to Nicolas Sobczak, analyst at Goldman Sachs, it would make little sense to move before 4 September due to a lack of new information. However after the summer recess he says the ECB will have to weigh up several pieces of important economic news. On 14 August Eurostat will publish its flash estimate of second quarter GDP, which Sobczak says will likely be flat, with some a risk it could show a slight decline. By 4 September the ECB ...