The European Central Bank has cut the cost of borrowing for the eighth time in the past year. Fiscal policymakers have been seeking to prop up a eurozone economy that was floundering even before US tariff announcements.

It was the eighth rate cut in the past year, extending the bank’s divergence from the Federal Reserve, which has held rates steady since the end of last year.

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.

Ireland is the fifth most expensive country in the eurozone for mortgages.

The European Central Bank has cut its benchmark interest rate for an eighth time, aiming to support businesses and consumers with more affordable borrowing as US president Donald Trump’s trade war threatens to slow already tepid growth. The bank’s rate-setting council cut interest rates by a quarter of a point on Thursday at the bank’s […]