The European Central Bank is set to cut interest rates again on Thursday in what is likely to be its last easy decision for a while as trade wars and rearmament drive the continent's biggest economic policy upheaval in decades.

The news that the European Central Bank has cut interest rates for the sixth time in the past 12 months is a positive development for Irish consumers and businesses.

The dollar and the euro were moving in different directions Friday after the European Central Bank signaled it might not cut interest rates as much as previously thought this year amid rising economic uncertainty.