The big reason that'll make the European Central Bank cut rates to as low as 1%

A snippet via UBS, info conveyed by Reuters overnight.

Analysts at the bank are eyeing very weak European Union economic growth data. They say if growth doesn't pick up the ECB could cut rates to 1 to 1.5%.

I posted yesterday on the gaining confidence in the market for an October 17 cut from the Bank:

• Wall Street Journal: "Investors Gear Up for October ECB Rate Cut"