ECB Cuts Rates Again Amid Economic Uncertainty

The European Central Bank has reduced interest rates for the sixth time in nine months in an effort to support economic growth in the eurozone says BBC. Despite economic challenges such as the threat of U.S. tariffs and plans to increase European military spending, the bank remained committed to its strategy of lowering rates. The ECB lowered its main interest rate from 2.75% to 2.5% and further revised its economic growth forecasts downward for the eurozone. The latest rate cut coincided with a sell-off of German government bonds, which extended to other markets, including the UK.