The European Central Bank remains ‘on the alert’ after today’s interest rates by 0.25%. As ECB President Christine Lagarde said, the uncertainty after the imposition of duties- which averaged 13%so far- is forcing the ECB to be vigilant to react if this is required, although indirectly, it is clearly implied by it. As she pointed out, we are already experiencing a “negative shock” in demand that will lead to a slowdown in the rhythm of the growth of the economy in the eurozone, but has avoided quantifying the impact on GDP. On the contrary, the inflation front is not yet clear, as he said, the impact, as the pressure caused by rising prices of imported products to some extent are offset by the euro appreciation. As far as the next moves are concerned on these interest rates, they will depend on the data and more specifically on the […]
Source: News Beast
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