“European Central” reduces interest rates by 0.25%

The European Central Bank reduced the interest rate in the euro area by 0.50 percent percentage to 2.5%, despite the continued ambiguity caused by the fee policy adopted by US President Donald Trump.

The European Central Bank reduced interest rates, as expected today, Thursday, for the seventh time in a year, as US customs duties weakened and companies have decreased confidence in the already faltering economic growth.

The bank lowered the interest rate on deposits 25 basis to 2.25 percent, in line with the expectations of most economists whose Reuters polled.

The bank confirmed that inflation is on its way to its two percent targets.