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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.
European markets are heading for a negative open Thursday as traders await the latest monetary policy decision from the European Central Bank.
Hungary's central bank must remain patient amid inflation risks, despite a weaker growth outlook, Governor Mihaly Varga said ...
FRANKFURT, Germany (AP) — The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump's tariff onslaught.
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