The European Central Bank (ECB) and the Bank of Canada (BoC) are expected to cut interest rates this week, providing relief to borrowers in the eurozone and Canada. Market indicators show an 82% probability of the BoC reducing its rate from 5% to 4.75% on Wednesday, following slower-than-expected GDP growth. The ECB is also anticipated to cut its deposit facility rate from 4% to 3.75% on Thursday, with money markets showing a 93% chance of this move. These central banks would join the Swiss National Bank, which cut rates in March, as some of the first major institutions to ease policy amidst persistent inflation concerns.