Reported 2 days ago
The European Central Bank has cut interest rates for the seventh time in a year to address weakening economic growth exacerbated by U.S. tariffs and declining business confidence. The central bank reduced its deposit rate by 25 basis points to 2.25%, reflecting concerns over future growth due to increasing uncertainty. Although financial markets anticipate further rate cuts this year, the ECB remains cautious, stating that upcoming decisions will depend on incoming data.
Source: YAHOO