The European Central Bank cut its economic growth expectations for the euro zone once more on Thursday and raised its projection for inflation this year, even as it predicted price growth back at target in 2026.

Consumer prices in the eurozone were 2.4% higher in February than a year earlier, a slower rate of inflation than recorded in January, reassuring news for central bank policymakers as they prepare to meet later this week.

European Central Bank chief Christine Lagarde warned Thursday the eurozone faces "risks all over" amid US tariff threats and massive German spending plans, as policymakers cut rates again but