The European Central Bank cut interest rates again on Thursday but warned of "phenomenal uncertainty" including the risk that trade wars and more defence spending could fuel inflation, raising the prospect of a pause in its policy easing next month. Making its sixth cut since June, the ECB lowered the deposit rate to 2.5% in a nod to slowing inflation and faltering activity, and said monetary policy was becoming less restrictive of economic growth as inflation falls towards its 2% target.
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