OR European Central Bank is going to reduce the interest rates For fifth consecutive session, as inflation approaching the 2% target allows officials to further relax the cost of borrowing, according to Bloomberg.

Analysts who participated in a Bloomberg poll unanimously reduce interest rates by one quarter of the unit to 2.75%on Thursday. The majority do not expect the ECB president Christine Lagarde She will formally commit to future moves, despite her many colleagues on the Board of Directors have pointed out that another reduction will probably follow in March.

The hope is that the relaxation of monetary policy will give a breath to an economy that is difficult to grow, especially as political friction upset consumers and businesses in the two largest eurozone member states.

This move comes despite the fact that US Federal Bank (FED) is less willing to reduce interest rates as it has maintained them unchanged yesterday. Both Central Banks are concerned about US President Donald Trump’s financial plans, with ECB officials balancing warnings that greater pressure on global trade could limit exports against prolonged fears of service prices to increase at a double rate of the 2%target.

Reduce interest rates this week “will be an easy decision for the Board of Directors, like another in March,” said Evelyn Herrmann, European Economist at Bofa Global Research. “After that, things could become more interesting and possibly more controversial.”

The ECB will announce its decision on interest rates at 15:15 hours of Greece. Lagarde will give a press conference 30 minutes later.