Europe cuts interest rates as Trump's tariffs loom
Source: BBC
The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump's tariffs.The main rate has been reduced from 2.25% to 2% by the ECB, which sets rates for the countries that use the euro.While inflation has eased across the eurozone, the economy has been sluggish even before the US president rolled out…
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