ECB to look past Trump risk and push on with rate cuts
The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.
ECB policymakers are expected to cut their benchmark deposit rate by a further quarter point to 2.75 percent on Thursday, its fifth reduction since June last year.
Recent upticks in inflation — such as a jump to 2.4 percent in December, above the ECB's two-percent target — have caused some jitters.
But ECB officials have sounded upbeat that the battle to control the pace of price rises remains on course.
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