ECB poised to cut rates to help recession-hit euro zone

Through Paul Carrel and Andreas Framke FRANKFURT (Reuters) – The European Valuable Bank is nearer to reducing interest rates than at any time because it ultimate minimize them in July 2012 and is prone to shave a quarter-point off at its policy meeting next week. Senior sources concerned within the deliberations say momentum is building for motion to lend a hand a euro zone financial system which has slipped again into recession, a transfer that some policymakers wished to take prior this year. …