It was the eighth rate cut in the past year as officials try to steer Europe’s economy through “exceptional” uncertainty.

The deposit rate was cut by a quarter-point to 2% — as predicted by all analysts in a Bloomberg survey.

FRANKFURT] The European Central Bank cut interest rates as expected on Thursday (Jun 5) and kept all options on the table for its next meetings even as the case grows for a summer pause in its year-long easing cycle.