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European Central Bank poised to cut rates amid global tariff turmoil
The European Central Bank is widely expected to trim interest rates for the third time this year as global tariff tensions and uncertainty threaten the euro zone's economic growth. A quarter-point cut would take the ECB's deposit facility rate, its key rate, to 2.25% — down from a high of 4% toward the middle of 2023.
ECB Live Updates: Rate cut expected Trump tariffs turmoil weighs
Last month, the ECB lowered the deposit rate to 2.5%. The central bank warned of "phenomenal uncertainty" including the risk that trade wars and more defence spending could fuel inflation. ECB President Christine Lagarde declined to repeat her past guidance that the downward direction of rates was clear and emphasized that a cut or a pause were both possibilities.
The euro eased against the dollar ahead of an expected interest rate cut by the European Central Bank on Thursday, while the ...
The European Central Bank’s policy decision later could have little impact on the euro, ING’s Francesco Pesole said.
The ECB is expected to cut rates for the seventh time in a year as policymakers look to prop up a struggling economy that ...
President Donald Trump is moving full steam ahead on his deportation and tariff agenda. Follow for live updates.
European shares were mixed on Thursday as investors parsed corporate earnings to gauge the fallout of U.S. President Donald ...
The EUR/USD exchange rate has surged in the past few months as the US dollar index (DXY) crashed to the lowest level in years ...
The president said that Jerome Powell has been too hesitant to cut interest rates, and “he should certainly lower them now.” ...
The last thing you want in a global trade war is a rocketing currency. So the soaring euro's rise may not yet be "brutal", ...
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