My guess is no. So far the ECB has been far too passive in their handling of the euro crisis. It seems as if they are only willing to act once a crisis arises and even then they haven't done well. In Greece and Spain they've only managed to buy a little time, and the recent handling of the crisis in Cyprus with handled extremely poorly. The truth is they wait until it is absolutely necessary to act and then they do the minimum amount necessary to get by for a little while. They aren't well prepared to handle the challenges they are facing and they haven't shown a willingness to make the changes they need to fully support their currency union... Given their lack of foresight thus far why should we expect the ECB to cut rates tomorrow? With unemployment at 12.1% a rate cut is clearly the right decision, but I'm doubtful it will happen.