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

The European Central Bank cut its key interest rate by a quarter point, as it rushes to brace a stagnant economy against President Trump’s threatened tariffs. Read more:

The euro pared session losses and benchmark bond yields fell near to a three-week trough after the European Central Bank cut interest rates by a quarter point, saying it expects inflation to fall back to its target later in the year.