European central bank cuts interest rates amid looming trade war, growth concern
Thursday, 6 March 2025 The European Central Bank has cut interest rates by 25 basis points to 2.5% to boost economic activity in the eurozone. Amid low inflation and stagnant growth, the ECB aims to ease borrowing costs for consumers and businesses. Increased defence spending and potential US trade tariffs add uncertainty to future economic outlook.
China has set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
Thursday, 6 March 2025
