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International Business Times
International Business Times
Business

ECB To Cut Rates Again, With A Nervous Eye On Trump

ECB Donald Trump United States Christine Lagarde European Union eurozone Inflation ING The United States CNBC
ECB president Christine Lagarde says the bank is confident that inflation is on track (Credit: AFP)

Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.

The European Central Bank is expected to cut its benchmark deposit rate by a further quarter point to 2.75 percent on Thursday, its fourth reduction in a row.

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