As coronavirus fears rock financial markets worldwide, urgent moves by the U.S. Fed and Bank of England (BoE) to cut interest rates are making a similar move by the European Central Bank look all but inevitable.

The ECB is set to hold a scheduled policy meeting tomorrow, its first since the virus’ impact on the world economy raised alarm bells.

Economists predict the ECB will cut interest rates as well as focus on other financial and monetary instruments, stressing that an interest rate cut would likely have little effect so other instruments will be needed.

As it has “run

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