1334 GMT - The European Central Bank looks focused on risks to economic growth and will cut borrowing costs further, MHA economics advisor Joe Nellis writes in a note. The central bank moved Thursday with another 25-basis-point reduction in the key rate to 2.5%, as was widely expected. Still, the path ahead remains less certain, Nellis says, as the ECB balances enduring inflation risks with a struggling economy. The latter is likely to remain the focus, with looming U.S. import tariffs adding to internal sluggishness, he says. "We expect the ECB to keep on cutting throughout the year as policy concerns shift from worries about inflation to the need for economic stimulus." (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
March 06, 2025 08:35 ET (13:35 GMT)
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