BoI predicts further ECB rate cut this week
A giant Euro symbol standing in front of Frankfurt's Eurotower, which houses the European Central Bank (ECB) Photo: Getty Images
Monday March 30 2009
Bank of Ireland says it expects the European Central Bank to reduce interest rates again this Thursday.
The bank was expected to hold off of any further decreases until the summer.
However, Bank of Ireland says it expects rates to go down again this week because of declining manufacturing output in the euro-zone.
It says the ECB will probably cut its main lending rate to 1%.
