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LaToya Harding
Verified
Business Reporter and Editor, Yahoo Finance UK
London
Beats
Home Care , Home Health Care
Entertainment, Sports, Technology
Content
By LaToya Harding Verified| AOL UK Verified The European Central Bank (ECB) has cut interest rates by a quarter of a percentage point, as widely expected, as policymakers look to prop up a struggling economy that will take a further hit from US tariffs. The benchmark rate on the deposit facility has been reduced 2.25% from 2.5%, down from a high of 4% toward the middle of 2023, and is the seventh cut in a year
By LaToya Harding Verified| Yahoo Finance Singapore@ In this article: The FTSE 100 (^FTSE) and European stocks were lower on Thursday as traders await the latest decision on interest rates from the European Central Bank (ECB). It is expected to cut rates for the seventh time in a year as policymakers look to prop up a struggling economy that will take a further hit from US tariffs. Currently, the EU faces tariffs of 20% if it does not reach an agreement with the US before US president Donald Trump’s 90-day suspension comes to an end
Company Info
Yahoo Finance UK