http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-easing-policy-further/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-easing-policy-further/2009-01-14.htmlOverview: We anticipate that the ECB will cut the leading policy rate by 50 bp at the meeting on 15 January. Anything less would be a disappointment and nothing more than postponing the inevitable. We project they will lower rates to 1.5% before the end of Q1 2009. Euroland is already firmly in recession and the recent indicators have been very weak pointing to the deepest recession for decades. Business and consumer confidence has collapsed and industrial production is in free fall.Wed, 14 Jan 2009 09:05:03 GMThttp://www.fxstreet.com/fundamental/interest-rates/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-easing-policy-further/2009-01-14.html