European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council’s monthly monetary policy meeting in Frankfurt, Germany, on March 6, 2025. Jana Rodenbusch/Reuters
Updated:
FRANKFURT—The European Central Bank cut interest rates as expected on Thursday but hinted at a pause in its year-long easing cycle after inflation finally returned to its 2 percent target.
The ECB has lowered borrowing costs eight times, or by 2 percentage points since last June, seeking to prop up a euro zone economy that was struggling even before erratic U.S. economic and trade policies dealt it further blows.
