The European Central Bank (ECB) slashed its interest rate by 25 basis points to 3.00% on Thursday as broadly priced by the market. This is the fourth cut this year. The decision is based on its updated assessment of the inflation outlook and the strength of monetary policy transmission.

FRANKFURT (Reuters) -Four European Central Bank policymakers backed further interest rate cuts on Friday provided that inflation settles at the ECB's 2% goal as expected. The euro zone's central bank cut interest rates for the fourth time this year on Thursday and kept the door open to more easing,

The third cut in as many meetings comes as President-elect Donald Trump’s threatened tariffs loom large for the eurozone economy.

The European Central Bank is all but certain to cut interest rates again on Thursday and signal further easing in 2025 as inflation across the euro zone is nearly back at target and the economy is faltering.

The European Central Bank has delivered its fourth interest rate cut this year, trimming the benchmark deposit rate by a quarter point to 3% in a bid to bolster the faltering eurozone economy. Thursday's move comes as inflation is less of a concern among the 20 nations that share the euro currency,

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.