European central bank cuts rates by 25 bps as Trump’s tariffs stir Eurozone growth fears

The European Central Bank (ECB) has reduced interest rates by a quarter-point, marking the sixth consecutive cut, amidst concerns over eurozone growth due to US trade policies. The benchmark deposit rate now sits at 2.25 percent, the lowest since early 2023. This decision follows President Trump's tariffs, creating economic uncertainty.

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