European Central Bank, Eurozone, Interest rates, Business, European Union, Europe, Trump tariffs, Economics, World news, International trade, Donald Trump Business | The Guardian
Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to USBusiness live – latest updatesThe European Central Bank has cut interest rates across the 20-member eurozone for the second time this year, and warned that trade war fears are hurting Europe’s economy.The Frankfurt-based rate setter cut its benchmark deposit rate by a quarter of a percentage point to 2.5%, in line with City economist expectations, as Trump prepared to impose 25% tariffs on all goods imported from the EU. Continue reading…
Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US
The European Central Bank has cut interest rates across the 20-member eurozone for the second time this year, and warned that trade war fears are hurting Europe’s economy.
The Frankfurt-based rate setter cut its benchmark deposit rate by a quarter of a percentage point to 2.5%, in line with City economist expectations, as Trump prepared to impose 25% tariffs on all goods imported from the EU.
