European Central Bank's Nagel calls for maintaining policy stability amid tariff turbulence

Jin10 data reported on July 16, the European Central Bank committee member Nagel stated in an interview that a "steady hand" is needed to cope with the uncertainty brought by Trump's latest tariff threats. He mentioned that in terms of monetary policy, a "steady policy" is currently required, and the impact of the geopolitical environment and trade conflicts with the United States on prices is "extremely uncertain." The European Central Bank stated after its last meeting in June that the interest rate may remain unchanged in the July meeting. Five policymakers indicated that Trump's threat to impose a 30% tariff on EU imported goods complicates decision-making, but it is unlikely to disrupt this plan.