The Latest Breaking News from the European Central Bank

The FTSE 100 index closed up 9.75 points, 0.1%, at 8,811.04.

Lower inflation and concern that U.S. President Donald Trump’s trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday’s policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity

Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle.

Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cuts

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

Quarter-point cut in main rate to 2.25% aims to tackle slowing eurozone growth and impact of US border taxes

Despite a strong likelihood of the eurozone being hit by a recession by mid-2025, a new report sheds light on how Trump’s policies could boost the bloc’s economic perspectives in the years to come.

European equities rise as Trump temporarily exempts tech products from tariffs on Chinese imports. The euro also hits 1.14 as the European Central Bank interest rate decision looms.

Eurozone inflation hit a four-month low at 2.2% in March, but rising monthly prices and persistent services inflation leave the ECB divided ahead of its April 17 meeting, with markets pricing a 65% chance of a rate cut.