The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under control despite concerns about global trade.

The European Central Bank (ECB) is expected to cut key interest rates again on Thursday in what would be the fifth rate cut in the eurozone since mid-2024. Economists expect the central bank to cut the key deposit rate - the interest that banks receive for parking funds at the ECB - by 0.

The European Central Bank cut interest rates on Thursday and policymakers guided for a further reduction in March as concerns over lacklustre economic growth supersede worries about persistent inflation.