Markets are pricing in a 25 basis point rate cut from the ECB. Here's what analysts say about its potential next steps and what they might mean for consumers.

The European Central Bank on Thursday offered no surprises as it cut interest rates for the eighth time in a year — further widening the differential between official U.S. and eurozone policy rates, a gulf that has prompted President Donald Trump to lash out repeatedly at Federal Reserve Chair Jerome Powell.

The European Central Bank today cut its benchmark deposit rate by 0.25 percentage points, taking it to 2 per cent.