Published:
As stock markets start to worry about prospects for economic growth amid the latest flurry of President Donald Trump’s tariffs, Europe is already on the front foot.
The European Central Bank is expected to reduce its benchmark lending rate by a quarter-point on Thursday, the sixth reduction since it started lowering borrowing costs in June. Traders see a 98% chance of such a move, according to LSEG data, which will bring the deposit rate to 2.5% from 4% when the cuts began. The Federal Reserve, by contrast, lowered its main rate by 1 point over three meetings at the end of last year and then paused.
Read the full article here