Policymakers lowered rates a quarter point and said that the region’s growth outlook had “deteriorated” because of rising trade tensions.

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught. The bank’s move should support economic activity in the 20 countries that use the euro currency by making credit more affordable for consumers and

The bank cut by a quarter point to cushion Europe’s flagging economy from Trump’s trade war.