ECB June Accounts Warn of Trade Uncertainty, Urge Banks to Monitor Tariffs and Cyber Attacks in Baltic Countries

The European Central Bank (ECB) has expressed concern over rising global trade uncertainty, as reflected in its June meeting accounts. ECB supervisors have advised banks to closely monitor both direct and indirect exposures to other countries due to escalating geopolitical risks. These risks include the impact of tariffs and the increasing threat of cyber attacks, particularly targeting Baltic countries. The central bank's focus on these issues highlights its cautious stance amid a complex international environment affecting trade and financial stability.