FRANKFURT, Germany — Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank (ECB) on Thursday is set to cut interest rates again.
It would be the ECB's third straight reduction as it increasingly focuses on spurring lending to boost consumer spending and business investment in the 20 countries that use the euro.
RATE CUTS View of the euro currency sign in front of the former European Central Bank (ECB) building on Dec. 11, 2024. The ECB is set to cut rates once more amid the struggling economy in the eurozone. AFP PHOTO