European Central Bank keeps interest rates steady as trade tensions add to outlook uncertainty
Mr Trump's threat to impose a 30% duty on EU goods exported to the US has forced ECB President Christine Lagarde and her colleagues on the Governing Council to contemplate lower outcomes for growth and inflation. (AP Photo/Michael Probst)
The European Central Bank (ECB) have kept interest rates steady following a meeting of its Governing Council on Thursday, with the pause coming after seven consecutive cuts in response to falling inflation.
After a total of eight quarter-point moves that have brought the deposit rate to 2%, ECB President Christine Lagarde said last month that the cutting cycle is nearing its end, with the bank preparing for incoming tariffs from US President Donald Trump as negotiations between Europe and the White House draw to a close.
