European Central Bank committee member Stournaras: will continue to cut interest rates, tariffs will lead to a decrease in inflation.

European Central Bank Governing Council member and Governor of the Bank of Greece Yannis Stournaras stated that the European Central Bank will continue to lower interest rates. Stournaras emphasized in a speech in Athens that there is a high level of uncertainty, and said that in such a situation, "you will not take major steps or make major commitments." He said, "It seems that we will continue to take such measures. But we have already said that the applicable method is that, at each meeting, we will look at the data and make a decision." Since June, the European Central Bank has lowered interest rates seven times, and it is expected that interest rates will be lowered again next month when policymakers meet. With the unpredictable trade policy of U.S. President Trump causing unease among markets and policymakers, what will happen next is not so clear. Stournaras said that inflation in Europe is expected to significantly slow down due to tariffs. Stournaras said, "This is without any doubt, because in Europe, we do not intend - at least as far as I know - to take comprehensive retaliatory measures. If President Trump insists on imposing tariffs on Europe, then Europe will also respond, but will do so selectively. It will not cause inflation."