On June 5, 2025, the European Central Bank (ECB) announced a quarter-point cut in its key deposit rate, bringing it down to 2%. This decision marks the eighth reduction within a year, a strategy aimed at revitalizing a eurozone economy that has been struggling even before the latest US tariff threats emerged. With ongoing negotiations being stalled by US President Trump's threats to impose significant tariffs on European exports, the ECB's move underscores its commitment to support growth amidst external pressures.
The European Central Bank has reduced its key deposit rate to 2%, the eighth cut in a year, to stimulate the struggling eurozone economy.
US tariffs threaten to exacerbate the eurozone's economic troubles, prompting the ECB to act decisively in an effort to bolster growth.
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