Quarter-point cut in main rate to 2.25% aimed at tackling slowdown in eurozone growth and impact of US border taxes
Business live – latest updates
The cost of borrowing has fallen across the 20-member euro area for the third time this year after the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.
The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point on Thursday, in line with economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US.
More Stories
KFC plans to invest £1.5bn in UK and Ireland, creating thousands of jobs
Pornhub and three other adult websites face EU child safety investigation
Shein turns to Hong Kong for flotation as London attempt stalls, reports say