Reported 2 days ago
The European Central Bank has cut interest rates for the seventh time to mitigate concerns about economic growth exacerbated by rising global trade tensions, particularly due to recent tariffs imposed by the U.S. President. This reduction, lowering the benchmark rate to 2.25%, aims to stimulate economic activity in the eurozone by making borrowing cheaper, despite uncertainties that may hinder investment and consumption.
Source: YAHOO