ECB’s Schnabel says higher prices from tariffs could limit rate cuts

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Financial Times 18h ago

ECB’s Schnabel says higher prices from tariffs could limit rate cuts - Financial Times

Quick Summary:

The EU faces a 20 per cent levy on all of its exports to the US, with Commission president Ursula von der Leyen saying this week that the bloc was “preparing for all possibilities”.

That argument is underpinned by the unexpected strengthening of the euro in the wake of Trump’s sweeping tariff announcements, which will make imports to the currency area cheaper.

But many analysts argued that the April data was distorted by one-off effects and expected inflation to come down over the coming months.