Very few were predicting the European Central Bank would cut interest rates today, but cut they did. The benchmark rate went from a super-low 0.15 percent to just 0.05 percent. 

Brenda Kelly, Chief Market Strategist at London-based IG Group, joined us to offer some context on the surprising move.

Click the media player above to hear Brenda Kelly in conversation with Marketplace Morning Report host David Brancaccio.