ECB Cuts Rates Again as Trump Tariffs Threaten Recovery
April 18, 2025
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1:18Now PlayingECB Cuts Rates Again as Trump Tariffs Threaten Recovery
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as posted by the channelThe European Central Bank lowered interest rates for the seventh time since last June as trade tensions threaten to derail the region’s economic recovery.
The deposit rate was decreased by a quarter-point to 2.25%, as predicted by almost all analysts polled by Bloomberg. The ECB dropped the word “restrictive” from its statement in relation to the monetary-policy stance. But markets boosted bets on further cuts in borrowing costs as officials underscored the headwinds that Europe currently faces.
“Downside risks to economic growth have increased,” President Christine Lagarde told reporters Thursday in Frankfurt, stressing that it will still take time for the full consequences of US tariffs to become clear.
“The major escalation in global trade tensions and associated uncertainties will likely lower euro-area growth by dampening exports, and it may drag down investment and consumption,” she said. “Deteriorating financial-market sentiment could lead to tighter financing conditions.”
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