Reported about 5 hours ago
The European Central Bank has reduced interest rates by a quarter point to support a struggling economy facing potential challenges from a trade war with the U.S. and an increase in defense spending. The ECB lowered its benchmark deposit rate to 2.5%, aiming to ease borrowing costs, but growth prospects remain unclear due to uncertainty surrounding U.S. trade policies and the impact on European exports. Analysts predict further rate cuts could be on the horizon as the central bank navigates these conflicting economic pressures.
Source: YAHOO