US EditionEuropean Central Bank cuts interest rates for the seventh time
- The European Central Bank cut interest rates for the seventh time to address economic growth concerns due to rising trade tensions caused by President Donald Trump's tariff policies.
- The bank stated, 'the outlook for growth has deteriorated due to rising trade tensions.'
- The benchmark rate was lowered by a quarter percentage point to 2.25% during a council meeting in Frankfurt.
- This cut is expected to support economic activity in the 20 countries using the euro currency by making credit more affordable.
320 Articles
320 Articles
European Central Bank lowers its rates to try to counter Donald Trump
This is a sixth consecutive decline: the European Central Bank (ECB) decided on Thursday 17 April to lower its policy rate by 25 basis points, to 2.25%. A decision aimed at stimulating the growth of the euro area, threatened by the trade war initiated by Donald Trump.
BBC World Service - Newshour, Trump attacks Fed boss for not cutting interest rates
President Trump has attacked the head of the US Central Bank Jerome Powell for refusing to cut interest rates, saying he should be terminated from his position. We speak to economists for and against sacking the president's latest critic. Also on the programme: The French president Emmanuel Macron has spoken positively about a day of talks on Ukraine in Paris, involving both US and European representatives; and the astronomers searching for lif…
Trump: If I ask Powell to leave, ‘he’ll be out of there’
President Trump on Thursday argued he would be able to remove Federal Reserve Chair Jerome Powell if he wanted to, ratcheting up his criticism of the leader of the central bank. “Oh, he’ll leave. If I ask him to, he’ll be out of there,” Trump told reporters in the Oval Office. “I don’t think he’s…
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