The European Central Bank has cut the cost of borrowing for the eighth time in the past year. Fiscal policymakers have been seeking to prop up a eurozone economy that was floundering even before US tariff announcements.
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The ECB cut its key deposit rate a quarter point to two percent, as widely expectedImage: KIRILL KUDRYAVTSEV/AFP
The European Central Bank's rate-setting council on Thursday cut the institution's benchmark rate a quarter-point to 2% as it seeks to stimulate the eurozone's struggling economy.
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The ECB cut its key deposit rate a quarter point to two percent, as widely expectedImage: KIRILL KUDRYAVTSEV/AFP
