ECB to cut rates as focus on bond buys intensifies

FRANKFURT (Reuters) – The ECB is expected to cut rates and unveil a new package of bank aid on Thursday, with markets also watching for any hint it will intensify its bond buying support for the bloc’s struggling periphery, setting the stage for a critical euro zone summit. The European Central Bank meeting comes just a day before a supposedly make-or-break EU summit which will aim to agree on key rule changes to anchor coercive budget discipline for the 17 countries that share the euro. …