https://www.taxtmi.com/news?id=45784 The European Central Bank reduced its benchmark interest rate by a quarter point to lower borrowing costs and support businesses and consumers in response to downside risks from new US tariffs and a weaker growth outlook. The move represents a shift from earlier tightening to an easing stance as inflation fell below target, and indicates the Bank may adjust rates further at future meetings depending on evolving growth and inflation conditions. en-us Thu, 05 Jun 2025 18:16:04 +0530 Thu, 05 Jun 2025 18:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45784 The European Central Bank reduced its benchmark interest rate by a quarter point to lower borrowing costs and support businesses and consumers in response to downside risks from new US tariffs and a weaker growth outlook. The move represents a shift from earlier tightening to an easing stance as inflation fell below target, and indicates the Bank may adjust rates further at future meetings depending on evolving growth and inflation conditions. News - Thu, 05 Jun 2025 18:16:04 +0530 https://www.taxtmi.com/news?id=45784