ECB: Cipollone: ​​uncertainty in commercial policy could reduce business investment

European Central Bank (ECB) The member of the Executive Board Piero Cipollone said that “uncertainty in commercial policy could reduce business investment.”

Additional quotes

  • The potential of sudden stops in capital flows, interruptions in payments and volatility in currency markets requires robust contingency planning.
  • There are more signs that geopolitical considerations increasingly influence investment decisions in gold.
  • The recent increase in the uncertainty of commercial policy could reduce business investment in the euro zone by 1.1% in the first year and the growth of real GDP in around 0.2 percentage points in 2025-26.
  • The increase in the volatility of the financial market could imply lower GDP growth of approximately 0.2 percentage points in 2025.

Market reaction

Source: Fx Street

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