Eurozone business activity grows as expected ECB interest rate cut looms

A 25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain Business activity grew across the eurozone at the fastest rate in a year in May while inflation cooled, according to data that will be welcomed by the European Central Bank (ECB) in advance of expected interest rate cuts tomorrow. The latest HCOB purchasing managers' index (PMI) data, compiled by S&P Global, showed private sector output expanded in most economies covered by the euro currency after ...