ECB prepares for swift rate cuts as inflation nears target

Euro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, according to ECB policymakers and fresh surveys, reinforcing the case for a rapid pace of interest rate cuts in the months ahead.

The ECB lowered interest rates for the third time this year on Thursday on moderating price pressures. Investors now see rate cuts at each of the central bank’s next four or five meetings as inflation is within striking distance of its 2 per...