Key TakeawaysThe European Central Bank lowered interest rates Thursday, the eighth time it has done so over the past year.President Donald Trump recently criticized Federal Reserve Chairman Jerome Powell for not following the ECB's lead on cutting rates.

The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump's tariffs. The main rate has been reduced from 2.

President Donald Trump reignited his campaign to get Federal Reserve Chair Jerome Powell to lower interest rates, holding up the European Central Bank as an example of how it should be done. Well, the ECB is widely expected to lower rates again Thursday for an eighth consecutive meeting,