The European Central Bank is all but certain to cut interest rates again on Thursday and signal further easing in 2025 as inflation in the euro zone is nearly back at its target and the economy is faltering.

The European Central Bank has delivered its fourth interest rate cut this year, trimming the benchmark deposit rate by a quarter point to 3% in a bid to bolster the faltering eurozone economy. Thursday's move comes as inflation is less of a concern among the 20 nations that share the euro currency,

The European Central Bank (ECB) slashed its interest rate by 25 basis points to 3.00% on Thursday as broadly priced by the market. This is the fourth cut this year. The decision is based on its updated assessment of the inflation outlook and the strength of monetary policy transmission.