ECB Cuts Rates Amid Global Economic Uncertainty

The European Central Bank (ECB) lowered interest rates by 25 basis points on April 17, reflecting a strategic response to global economic shifts. This move follows ongoing concerns about a weakening US dollar and escalating trade tensions, which are impacting inflation and potential growth. The decision brings the deposit facility rate down to 2.25%. Experts anticipate immediate market responses as central banks across the globe may adopt similar strategies.