Reported 2 days ago
The European Central Bank has cut its key interest rate from 2.5% to 2.25% to mitigate the economic impact of tariffs imposed by the Trump administration. This marks the seventh reduction in eight meetings, and ECB President Christine Lagarde highlighted heightened uncertainty due to rising global trade tensions. The move widens the interest rate gap between Europe and the U.S., with investors anticipating further cuts as economic forecasts deteriorate amid tariffs affecting growth.
Source: YAHOO