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Verdict: a small cut in interest rates.
The Federal Reserve's emergency cut in interest rates failed to soothe despondency on the markets.
And that damage cannot be reversed with a quick cut in interest rates.
THAT show-stopping cut in interest rates looked like a hard act to follow.
For one thing, the ECB has made clear that the cut in interest rates is in effect the last one.
Cutting seasonAmerica's Federal Reserve responded to America's faltering recovery with the first cut in interest rates for nearly a year.
The rise in the euro has thus more than offset the half-point cut in interest rates made in December.
That is one reason exporters have not been more clamorous in calling for a cut in interest rates.
UK housebuilder Bovis calls for a swift cut in interest rates as it struggles to sell new houses.
On that basis, there is a case for a cut in interest rates when the MPC meets later this week.
One thing that is clear is that the possibility of a cut in interest rates is looking ever less outlandish".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com