The European Central Bank (ECB) is preparing to cut interest rates for the eighth time as global trade disruptions weigh on inflation and economic growth. Analysts surveyed by Bloomberg predict a quarter-point reduction in the deposit rate to 2% this Thursday. Another rate cut is anticipated in September, following the conclusion of trade talks with the U.S. and the release of updated forecasts that will clarify the full impact of tariffs. The ECB’s decision reflects growing concerns over the economic implications of ongoing trade uncertainties.
— new from Bloomberg
