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ECB cuts interest rates amid escalating trade tensions
ECB President Christine Lagarde emphasised the "exceptional uncertainty" facing the global economic outlook, citing trade barriers and inflation risks.

ECB President Christine Lagarde emphasised the "exceptional uncertainty" facing the global economic outlook, citing trade barriers and inflation risks.

This comes in response to revised annual inflation figures for the Euro Area, which came in at 1.7% in September, down from 1.8%.

The European Central Bank (ECB) has cut the eurozone's key deposit interest rate to 3.75%.

The interest rate on the main refinancing operations, marginal lending facility and the deposit facility will remain unchanged at 4.50%, 4.75% and 4.00% respectively.

deVere's Nigel Green also predicts a reduction in interest rates within the upcoming year.
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