ECB set to cut rates again as inflation slows

Reduction in rates would mark the ECB's eighth consecutive cut since June last year

In addition to hearing about the ECB’s path for the remainder of 2025, ECB president Christine Lagarde is also expected to face questions about her tenure as the central bank’s president. Photographer: Damian Lemanski/Bloomberg

The European Central Bank (ECB) is widely anticipated to cut interest rates once again on Thursday, marking its eighth consecutive cut in borrowing costs since June last year as it continues to ease monetary policy in response to falling inflation.

Latest data shows eurozone inflation eased below the bank’s 2% target last month, underpinning expectations for further policy easing even as global trade tensions from the US fuel longer-term price pressures.