French inflation was stable at the beginning of the year, figures showed Friday, a day after the European Central Bank again lowered its key interest rates amid a eurozone economy going nowhere fast.

The European Central Bank cut its key interest rate once again as a stimulus for the eurozone, as growth stagnates due to customers’ worries over inflation and political turmoil in leading European economies like France and Germany.

Euro zone manufacturers are more worried about cheap imports from China than tariffs from the United States, a European Central Bank survey showed on Friday. Only half of the manufacturers contacted by the ECB in a regular poll thought their business in the euro area would be affected by U.

Several members of the ECB’s Governing Council have already voiced such fears, stressing that the ECB should cut rates to a “neutral” level as quickly as possible. Deutsche Bank’s Mark Wall said in e-mailed comments that rates may “quite probably” end up below neutral by year-end.

European Central Bank policymakers are likely breathing a sigh of relief that the new U.S. administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal.

Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:

In his first week as US President, Donald Trump’s crypto policies reportedly drew the attention of a European Central Bank official, encouraging the development of a digital euro.

The Czech National Bank is considering adding bitcoin to its reserves. It should, regardless of what the European Central Bank thinks about that.

Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.

The EU is cutting interest rates and easing regulations to revive growth, but inflation risks, US policy divergence, and trade tensions could disrupt the plan. Here’s what’s at stake.

Sky News Business Editor Ross Greenwood says the European Central Bank has been trying to “hammer down” their interest rates.