April 17, 2025 9:02 PM
ECB Cuts Interest Rates to 2.25% Amid Slowing Growth, Trade Tensions
The European Central Bank, ECB today cut interest rates by 25 basis points to 2.25 percent in response to slowing growth and US President Donald Trump’s tariffs. Explaining the reason for the rate cut, the governing council of the Frankfurt-based bank said the outlook for growth had deteriorated ...