Reuters poll: ECB to cut rates in April amid eurozone growth slowdown risks

A Reuters poll indicates the European Central Bank (ECB) will cut interest rates at its April 17 meeting, responding to easing inflation and slowing economic growth in the EU.

On Wednesday, the US president announced a 90-day pause on tariffs placed on countries. However, China faced a bigger trade barrier of 145%.

Still, 10% tariffs on nearly all US imports remain in effect. Furthermore, Trump's announcement leaves existing duties on automobiles, steel, and aluminum unchanged, maintaining downward pressure on Europe's GDP growth.

The euro's nearly 7% appreciation against the dollar this year is also putting downward pressure on EU inflation, reinforcing the ECB's case for continued rate cuts, according to Reuters.

Morgan Stanley analysts forecast a 25 basis point ECB rate cut in April. Strategists also anticipate eurozone’s economic growth to align with the central bank's projections.