ECB cuts rates to 2% amid eurozone slowdown

Source: www-ft-com.ezp-prod1.hul.harvard.edu

The European Central Bank lowered its key deposit rate to 2 per cent, the seventh cut since June, as eurozone growth stalls. Policymakers, led by President Christine Lagarde, cited falling inflation and economic weakness. This move aims to support recovery but risks complicating future tightening if trade tensions rise. It matters because cheaper money could boost spending and investment across Europe.