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The Independent UK
The Independent UK
National
David McHugh

European Central Bank likely to cut rates while weighing US trade concerns and France's chaos

Europe Economy - (Copyright 2024 The Associated Press. All rights reserved)

With U.S. President-elect Donald Trump threatening new tariffs and political chaos engulfing France, the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much.

Analysts see a quarter-point rate cut from the current ECB benchmark rate of 3.25% as the most likely option when the bank's rate-setting council meets at its skyscraper headquarters in Frankfurt.

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