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European Central Bank Vice President Guindos: It is still too early to predict the interest rate decision in April.
On March 27, Gelonghui reported that European Central Bank Vice President Luis de Guindos stated that it is still too early to determine whether there should be another rate cut or a pause next month, as Global trade frictions and government spending plans in Europe will increase uncertainty. "It is difficult to say what we will do in April today," Guindos said at an event in Brussels. "We will see the data, we will see how different factors evolve. I hope the final outcome regarding tariffs becomes clearer. Then we will make corresponding decisions." Guindos urged officials to be "extremely cautious."
Vice President of the European Central Bank: Tariffs will hurt economic growth.
Luis de Guindos, the Vice President of the European Central Bank, estimated on Thursday that the tariffs imposed by President Trump on certain Commodities from the European Union, especially Autos, will have a significant impact on the economic growth of Europe and will affect inflation in the short term. Guindos pointed out that the trade war will have a major influence on expanding Gross Domestic Product (GDP). He urged the European Central Bank to be very cautious with its policies. Previously, Guindos warned that there are no winners in the trade war between Europe and the USA.
ECB officials: Trump's tariff policy increases the complexity of interest rate decision-making.
① Member of the Executive Board of the European Central Bank and Governor of the National Bank of Belgium, Pierre Wunsch, stated that US President Donald Trump's tariff policy has made the interest rate path of the European Central Bank "more complex"; ② The European Central Bank will hold its next interest rate meeting on April 17, and the market expects the probability of policymakers lowering rates by 25 basis points at that time to be around 79%.
Express News | ECB Governing Council member Wunsch: The European Central Bank should consider pausing interest rate cuts in April.
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