The European Central Bank’s easing cycle reached the one-year mark Thursday when policymakers delivered another interest rate cut as concerns mount about the struggling eurozone economy and global trade tensions.

The ECB cut its key deposit rate a quarter point to two percent, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs.

It also lowered its inflation forecast for 2025, with consumer price increases now expected to hit the central bank’s two-percent target this year.

With inflation under control following a post-pandemic surge, the ECB has shifted its focus to dialling back borrowing costs to boosting the beleaguered economies of the 20 countries that use the euro.

US President Donald Trump’s tariffs have a

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