US EditionEuropean Central Bank cuts interest rates for the seventh time
- The European Central Bank cut interest rates for the seventh time, lowering the benchmark deposit rate to 2.25%, aiming to support a struggling eurozone economy, as reported by Christine Lagarde, the ECB president.
- Lagarde stated that trade tensions from US tariffs could lower euro area growth and threaten exports, revealing uncertainty in the economic outlook.
- The ECB's continued rate cuts signify efforts to ease borrowing costs and navigate global trade concerns, according to ING bank analyst Carsten Brzeski.
- The ECB's strategy remains data-dependent, with potential for further interest rate cuts as the situation evolves, as indicated by Jens-Oliver Niklasch, LBBW bank analyst.
322 Articles
322 Articles
European Central Bank lowers its rates to try to counter Donald Trump
This is a sixth consecutive decline: the European Central Bank (ECB) decided on Thursday 17 April to lower its policy rate by 25 basis points, to 2.25%. A decision aimed at stimulating the growth of the euro area, threatened by the trade war initiated by Donald Trump.
BBC World Service - Newshour, Trump attacks Fed boss for not cutting interest rates
President Trump has attacked the head of the US Central Bank Jerome Powell for refusing to cut interest rates, saying he should be terminated from his position. We speak to economists for and against sacking the president's latest critic. Also on the programme: The French president Emmanuel Macron has spoken positively about a day of talks on Ukraine in Paris, involving both US and European representatives; and the astronomers searching for lif…
Trump: If I ask Powell to leave, ‘he’ll be out of there’
President Trump on Thursday argued he would be able to remove Federal Reserve Chair Jerome Powell if he wanted to, ratcheting up his criticism of the leader of the central bank. “Oh, he’ll leave. If I ask him to, he’ll be out of there,” Trump told reporters in the Oval Office. “I don’t think he’s…
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