Eurozone woes pressuring East EU states into more easing

London

LOW inflation, flagging growth and the European Central Bank's (ECB) stimulus bias will probably force Eastern members of the European Union to cut interest rates to record lows this week.

Reduced borrowing costs will be cemented in three monetary policy decisions on consecutive days before the outcome of the ECB's deliberations on Nov 6, economists predict. They forecast Romania and Poland will reduce rates on Tuesday and Wednesday respectively, while Czech officials will maintain their own benchmark close to zero a day later as they ponder their stance on stemming gains in the koruna.