ECB President Mario Draghi on Thursday called on EU nations to continue austerity measures and warned against raising taxes, which he said were already very high.
John Authers, investment editor at the Financial Times, discusses how an ECB negative deposit rate would affect the market, and how the euro reacted to Draghi's comments on Thursday.
During a news conference, CNBC's Geoff Cutmore asks ECB chief Mario Draghi to react to a Tweet from the Pope suggesting the ECB is concentrating too much on helping financial markets and not enough on boosting the underlying economy.
Marchel Alexandrovich, Jeffries International senior European economist; John Ryding, RDQ Economics chief economist; and CNBC's Michelle Caruso-Cabrera and Steve Liesman, discuss the European Central Bank's decision to cut rates by 25 basis points to 0.50 percent.
Derek Halpenny, European head of global currency at Bank of Tokyo-Mitsubishi UFJ, talks about how the euro is likely to react to the ECB's announcement, and how an indication that a major lending program is coming would boost confidence.
John Ryding, RDQ Economics chief economist, and CNBC's Michelle Caruso-Cabrera and Steve Liesman, provide a preview of the European Central Bank's decision on a rate cut, and discuss the effectiveness of the Fed's monetary policies.
Jens Larsen, chief European economist at RBC Capital Markets, says that the ECB should focus on non-standard measures which would be more conducive to a faster recovery.
CNBC's Ross Westgate reports on all the market moving events from Europe, as investors await a decision on interest rates from the European Central Bank.
Christoph Rieger, head of interest rate strategy at Commerzbank, says the ECB could surprise with non-standard measures and that a less than 25bps rate cut would disappoint.
Jacques Cailloux, chief European economist at Nomura and Tobias Blattner, euro area economist at Daiwa Capital Markets, discuss the expected rate cut at the ECB and what further measures could be taken.
Robert Simoncic, CEO of Slovak Investment & Trade Development, tells CNBC that for Slovakia it is important that Europe is fiscally responsible as they are heading towards less than 3 percent deficit.
The ECB is widely expected to cut its main interest rate today, the first time in ten months. Julia Chatterley and Geoff Cutmore report from the ECB meeting place in the capital of Slovakia.
Christian Schulz, Senior Economist at Berenberg Bank expects the Euro Zone economy to stabilize in next few months. He says there's a 60% chance the ECB will reduce the refi rate by 25bps either at the May or June meeting.
David Greene, Senior Corp FX Dealer at Western Union Business Solutions thinks the ECB will hold rates at the May meeting because there's not enough pressure within the ECB board to do so.
Nick Verdi, Director, FX Strategy Asia Pacific ex-Japan at Barclays predicts that the ECB will cut interest rates, and tells CNBC's Cash Flow how to play the euro in the wake of that.