Lagarde: Uncertainty prevents the European Central Bank from issuing a clear signal on interest rates.

On Friday, European Central Bank President Lagarde said that the anti-inflation process is "still on track", but also warned that high uncertainty makes it impossible for the central bank to send out clear signals on interest rates. "Most potential inflation indicators show that inflation will stabilize near our medium-term target," Lagarde said. "Looking ahead, inflation is expected to linger near the 2% target." Lagarde also stated, "Especially in a situation of high uncertainty regarding the scale and distribution of shocks, we cannot provide certainty by committing to a specific interest rate path." After the European Central Bank's seventh rate cut last week, although most policymakers remain cautious about the next steps, some are starting to hint that as Trump's trade policies put pressure on the eurozone economy, more policy easing may be needed. At the same time, they are more confident that inflation will return to 2% this year.