The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany.

The European Central Bank (ECB) is expected to cut key interest rates again on Thursday in what would be the fifth rate cut in the eurozone since mid-2024. Economists expect the central bank to cut the key deposit rate - the interest that banks receive for parking funds at the ECB - by 0.

The European Central Bank on Thursday cut interest rates by a quarter of a percentage point, saying it expects inflation to fall back to its target later in the year and signaling that further easing is likely in coming months.

The European Central Bank is set to lower interest rates for a fifth meeting as inflation that’s nearing the 2% target lets officials further loosen the shackles on the economy.

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.