ECB cuts rates again as Trump tariffs weigh on economic outlook

euronews (in English)

ECB cuts rates again as Trump tariffs weigh on economic outlook  The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh inflationary concerns.  READ MORE : http://www.euronews.com/2025/04/17/ecb-cuts-rates-again-as-trump-tariffs-weigh-on-economic-outlook  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Transcript

00:00The European Central Bank cut interest rates for the seventh time this year

00:05to counter-worries about economic growth fueled by geopolitical tensions.

00:13Citing Russia's invasion of Ukraine and conflict in the Middle East,

00:17the benchmark interest rate was cut by a quarter of a point.

00:23The major escalation in global trade tensions and associated uncertainties

00:28will likely lower euro area growth by dampening exports.

00:35And it may drag down investment and consumption.

00:42The bank's decision comes as global trade tensions,

00:45driven by US President Donald Trump's tariff,

00:48pose a risk to eurozone growth,

00:50adweighing concerns of an inflationary spike.

00:58The US President since COVID-19 is expected and the science to bridge part

Recommended

Category

Transcript

Recommended