The ECB celebrates the script also written by markets. As expected, your Governing Council Ship in 25 basic points, the price of money in the eurozone and leaves the interest rates of the single currency in 2.25%.
It is the seventh decline since last June but will do so in an environment other than usual: already with the real implementation of tariff That year -on -year inflation of 2.2% marked by the countries of the single currency last March.
But the most important thing are the expected explanations in the appearance of President Christine Lagarde. especially to know, if it finally occurs, This seventh drop from the types since June will find brake against the inertia of Trump’s tariffs, by the hand of new inflationary pressures For the Eurozone.
In its statement, the ECB highlights that «The Governing Council has decided today to lower 25 basic points the three official interest rates of the ECB. In particular, the decision to reduce the interest rate applicable to the ease of deposit – through which the Governing Council guides the orientation of monetary policy – is based on its updated evaluation of the perspectives of inflation, of the dynamics of the underlying inflation and the intensity of the transmission of monetary policy. «
He points out that «the disinflation process continues to progress. Inflation has continued to evolve as expected by ECB expertsand both general and underlying inflation were reduced in March. The inflation of the services has also been markedly moderated in recent months. The majority of the indicators of the underlying inflation suggest that inflation will stabilize around the objective of the Governing Council of 2 % in the medium term in a sustained way. «
The ECB affirms that «the growth of wages is being moderated, and the benefits are partially cushioning the impact of salary increases, even high, on inflation. The economy of the euro zone has accumulated some resilience to deal with world disturbances, but Growth prospects have deteriorated due to the increase in commercial tensions. «
And he points out that «greater uncertainty could reduce the confidence of homes and companies, and it is likely that the adverse and volatile response of markets to commercial tensions gives rise to a hardening of financing conditions. These factors could additionally ballast the economic perspectives of the euro zone. «
In his appearance, the president of the ECB, Christine Lagarde has avoided qualifying as ‘war’ what he considers ‘commercial tensions’ although Recognize risks clearly up to inflation For this reason. And also recognize that The scale is a great downward risk for growth.
Thus, it indicates that, at the moment, more than ever, the meeting to a meeting and without predeterminating the monetary policy of the entity for the Eurozone is more important than ever. Consider that it must continue depending on the datawhile recognizing that the neutral interest rate only applies to scenarios without new shocks.
Has also confirmed that The decision to cut types at 25 basic points has been taken unanimously And that none of those present in the Governing Council of the ECB has opted for a more drastic cut, 50 basic points.