European Central Bank policymakers backed further policy easing on Friday just a day after the bank's fourth straight rate cut, despite fresh surveys pointing to continued inflation momentum. The ECB cut interest rates to 2.

The European Central Bank lowered interest rates by a quarter point and signaled more rate cuts to come, aiming to bolster a stagnant eurozone economy that is highly exposed to the trade tariffs threatened by President Trump.

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.