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Reuters

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Business & Economics

ECB cuts rates as tariffs to hits already weak growth

Reuters
Summary
Nutrition label

79% Informative

The European Central Bank cut interest rates as expected on Thursday , easing for the seventh time in the past year .

The central bank for the 20 nations sharing the euro cut its deposit rate by 25 basis points to 2.25% , in line with the expectation of most economists polled by Reuters .

The change comes as interest rates are now at the top end of the ECB 's "neutral rate", a level which neither restricts nor stimulates economic growth.

VR Score

91

Informative language

98

Neutral language

46

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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