Ahead of the ECB meeting on Thursday, traders have pulled back from bets the board will lower...

|By:, SA News Editor

Ahead of the ECB meeting on Thursday, traders have pulled back from bets the board will lower rates. The benchmark lending rate is currently 0.75%, but the deposit rate is 0%, meaning a cut would take it to negative territory. A "surprise" cut on Thursday could send the euro back down below $1.30.