ECB is set to hold fire on rate cuts with Trump tariffs unresolved https://t.co/UjYRXfRE7N https://t.co/rCMoAgbXJB
European Central Bank announces plans to delay rate cuts amid ongoing tariffs dispute involving former President Trump, according to Bloomberg.
European Central Bank Plans to Delay Rate Cuts Due to Ongoing Trump's Tariffs Dispute – Bloomberg 🏦
The European Central Bank (ECB) is expected to postpone any reduction in interest rates despite the economic challenges posed by tariffs imposed by former U.S. President Donald Trump. Market analysts and reports indicate that the ECB plans to maintain current borrowing costs at its upcoming meetings, choosing to delay rate cuts amid ongoing uncertainties related to the tariff dispute between the U.S. and the European Union. This cautious approach reflects the ECB's decision to monitor the evolving trade tensions before implementing monetary policy adjustments.