The European Central Bank decrees its fifth consecutive interest rate cut, sets the price of money at 2.5%, and anticipates that the next monetary decisions are not at all clear. Huge uncertainty". "Uncertainty everywhere".

The European Central Bank cut interest rates for the sixth time in nine months on Thursday, sticking to its easing plan in the face of economic upheaval from an unfolding trade war and new plans to boost Europe's military spending.

The drop points to a continued slump in a sector whose hope for a rebound lies in lower interest rates and a bump in government spending.

The European Central Bank doesn’t have a role in helping governments finance more defense spending and will stick to its mission of price stability, President Christine Lagarde said.

The European Central Bank (ECB) aims to launch its digital Euro by October 2025, though the final decision depends on lawmakers approval.

Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.

European Central Bank President Christine Lagarde, speaking at a news conference in Frankfurt, says inflation will reach the ECB's 2% target only in early 2026. She made the comments after the Governing Council decided to lower interest rates for the sixth time since June,

The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the United States and plans to boost military spending drive Europe's biggest economic policy upheaval in decades.

European Central Bank President Christine Lagarde said the risks to economic growth "remain tilted to the downside." Speaking to reporters in Frankfurt, Lagarde also said "most indicators of underlying inflation are pointing to a sustained return of inflation to our 2% medium-term target.

The European Central Bank's Governing Council said Thursday it had decided to lower three key interest rates by a quarter point. The bank cited the "disinflation process" in making the decision.