India, April 17 -- The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.
The Governing Council, led by ECB President Christine Lagarde, cut the deposit rate by 25 basis points to 2.25 percent. The central bank lowered interest rates for the sixth policy session in a row.
The main refinancing rate was lowered by similar volume to 2.40 percent and the marginal lending rate to 2.65 percent.
The ECB has lowered interest rates by a quarter basis points each in every rate-setting session since Se...