ECB cuts deposit rate to -0.5% to spur slowing eurozone economy, amid global economic concerns.

The European Central Bank (ECB) has reduced its deposit rate to -0.5%, down from -0.4%, to boost economic growth in the eurozone, which has slowed recently. This move follows US President Donald Trump's criticism of the Federal Reserve. While intended to support the economy, the rate cut raises concerns about potential future financial instability due to very low interest rates.