Reuters poll: ECB could cut rate to -0.5% before it becomes counterproductive

Latest Reuters monthly poll sees ECB cutting rate to -0.5%, as overall Eurozone growth outlook is seen softening, when compared to the previous poll.

Key findings:

Softer outlooks from the 200 economist surveyed between 6-12 May

Eurozone GDP to grow +0.3% in Q2, +0.4% in Q3 and Q4 vs +0.4%, for all periods in prev poll

Inflation to average +0.2% in 2016, +1.3% in 2017 vs +0.3% and +1.4% prev