1247 GMT - The European Central Bank looks set to keep cutting interest rates in the months ahead as global trade uncertainty weighs on growth in the eurozone, Capital Economics' Andrew Kenningham writes in a note to clients. The central bank lowered its key rate to 2.25% on Thursday and pointed to the worsening outlook for growth amid rising uncertainty. That suggests bank policymakers are leaning toward a more accommodative stance, Kenningham writes in a note. "While the [ECB] governing council remains reluctant to give any forward guidance, we think it is likely to cut rates again in June and July," he says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
April 17, 2025 08:47 ET (12:47 GMT)
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