European Central Bank cuts interest rates for 7th time as global trade tensions escalate https://www.taxtmi.com/news?id=41281 The European Central Bank lowered its benchmark interest rate to 2.25%, shifting from prior tightening toward monetary easing to support euro area consumption, investment and employment as trade-tariff uncertainty-stemming from recently announced tariffs and a temporary suspension for negotiations-was judged to materially weaken export demand and the growth outlook. en-us Thu, 17 Apr 2025 19:01:04 +0530 Thu, 17 Apr 2025 19:01:04 +0530 TaxTMI RSS Generator European Central Bank cuts interest rates for 7th time as global trade tensions escalate https://www.taxtmi.com/news?id=41281 The European Central Bank lowered its benchmark interest rate to 2.25%, shifting from prior tightening toward monetary easing to support euro area consumption, investment and employment as trade-tariff uncertainty-stemming from recently announced tariffs and a temporary suspension for negotiations-was judged to materially weaken export demand and the growth outlook. News - Thu, 17 Apr 2025 19:01:04 +0530 https://www.taxtmi.com/news?id=41281