ECB President Lagarde Discusses Central Bank Relations and Tariff Responses

According to Odaily, European Central Bank President Christine Lagarde expressed strong respect for U.S. Federal Reserve Chair Jerome Powell, emphasizing the solid and stable relationships between central banks globally. During the June meeting, the situation regarding tariffs remained unclear. The European Union's most apparent response is to offer zero tariffs and redirect the flow of goods. However, there was no discussion on stimulus measures. Although a potential 50 basis point rate cut was mentioned, the market reacted strongly to a 25 basis point reduction.